SMARTRAC N.V. / Change of Personnel
22.01.2008
Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Stephen Juge will take over newly created management position of Head of
Legal Affairs and Chief Legal Counsel of SMARTRAC
Franz Vollmann will replace Ron Brown as Chief Operating Officer (COO) of
SMARTRAC
Dr. Christian Fischer, CEO: 'With Stephen Juge and Franz Vollmann we have
been able to acquire additional highly skilled managers with a proven track
record for SMARTRAC.'
Amsterdam, January 22, 2008 SMARTRAC announced two new members of the
Dutch companys Group Executive Team today. Stephen Juge (54) will take
over the management position of Head of Legal Affairs and Chief Legal
Counsel of SMARTRAC with immediate effect. This position in SMARTRACs top
management has been newly created. Effective February 11, 2008, Franz
Vollmann (42) will be the new Chief Operating Officer of SMARTRAC. He will
replace Ron Brown (57) who is retiring as of January 31, 2008. Ron Brown
will continue to work for the company as a consultant to the Group
Executive Team.
'First of all, on behalf of SMARTRAC I want to take the opportunity and
express my gratitude towards Ron Brown who has made a crucial contribution
to our companys success. As far as our new management colleagues Stephen
Juge and Franz Vollmann are concerned, we are happy that we have been able
to acquire additional highly skilled managers with a proven track record
for our company. Each one is an acknowledged and experienced industry
expert in his field, and SMARTRAC will definitely benefit from their
long-term international expertise,' said Dr. Christian Fischer, CEO of
SMARTRAC. 'Based in our headquarters in Amsterdam, Stephen Juge will be
responsible for the full scope of our companys legal affairs with a strong
focus on the protection of SMARTRACs intellectual properties. Franz
Vollmann will have his main office in our production location in Thailand
and will drive the further integration of our worldwide production
facilities and the improvement of efficiency and productivity across
SMARTRACs operations.'
Stephen Juge is an American citizen and holds a law degree from Tulane
University, New Orleans, Louisiana, USA, and also studied law at Oxford
University, England, on a Marshall Scholarship. He worked for international
companies such as Walt Disney where after different management positions in
the field of legal affairs he was Senior Vice President and General Counsel
of Walt Disney International - Europe. He was also Executive Vice President
and General Counsel of Gemplus International S.A. and subsequently at
Gemalto N.V., he was Deputy General Counsel and Deputy Company Secretary
before joining SMARTRAC.
Franz Vollmann is an Austrian citizen and holds a masters degree in
business administration from Vienna University of Economics, Austria. He
has broad industry experience gained from assignments in different top
management positions in various countries and is an expert in the field of
manufacturing in the electronics industry. His most recent position before
joining SMARTRAC was Vice President and Managing Director at Molex Hongkong
Ltd. in Dongguan, China.
'We view the expansion of our Group Executive Team as a crucial
prerequisite in order to adequately manage the further profitable growth of
our company and to utilize the full potential of our existing and future
operations,' said Dr. Fischer.
About SMARTRAC N.V.
SMARTRAC is a leading supplier of RFID (Radio Frequency Identification)
components for Standard and High Security product segments. In the Standard
segment, the company produces ready-made components for RFID applications
in public transport, access control and logistics. In the High Security
segment, SMARTRAC is the global leader in high-quality RFID inlays for
passports with integrated contactless chips (ePassports) and contactless
credit cards (ePayment). SMARTRAC was founded in 2000. Since the IPO in
July 2006, SMARTRAC N.V. has been a stock corporation under Dutch law,
domiciled in Amsterdam and traded on the Frankfurt Stock Exchange (FSE). At
the end of September 2007, the company employed 2,600 employees around the
globe.
Forward-looking statements
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this press release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions and other factors may cause
the actual results to be materially different from the assumptions,
planning and forecasts at the time of publication of this press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this press release.
Stephan Öri
Media Relations SMARTRAC N.V.
Phone: +31 20 30 50 150
Email: stephan.oeri@smartrac-group.com
DGAP 22.01.2008
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Language: English
Issuer: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Niederlande
Phone: +31 20 30 50 150
Fax: +31 20 30 50 155
E-mail: info@smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: SMARTRAC N.V. announces changes in the Group Executive Team and broadens the companys top management base
| Source: EQS Group AG