DGAP-Adhoc: Drägerwerk AG & Co. KGaA: Drägerwerk changes and extends its Executive Board – candidates nominated for Supervisory Board

Drägerwerk AG & Co. KGaA / Change of Personnel/Tender Offer

17.03.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Lübeck, Germany – On March 17, 2008, the Supervisory Board of Drägerwerk
Verwaltungs AG appointed three new members to the Company’s Executive Board
effective as of April 1, 2008.

Dr. Dieter Pruss (51) will be responsible for Sales and Marketing for the
safety division. Up to now he has headed two of safety's four strategic
business fields. He is the first internal candidate the Supervisory Board
has appointed to the Executive Board for some time.
Prof. Dr. Albert Jugel, the Executive Board Chairman of Dräger Safety AG &
Co. KGaA and the Executive Board member for the safety division of
Drägerwerk Verwaltungs AG, will leave the Company on March 31, 2008 on the
best of terms and by mutual agreement. For personal and health reasons,
Prof. Jugel will return to his hometown of Dresden and may take up a new
professional challenge there.
From July 1, 1999, Prof. Jugel was the head of the safety division and a
member of the Drägerwerk AG Executive Board. The management team and
employees of this division achieved excellent results thanks to continuous
improvement and change. The Supervisory Board and Executive Board of
Drägerwerk Verwaltungs AG would like to thank Prof. Jugel for his
contribution to these achievements.
The Supervisory Board and Executive Board have approved Prof. Jugel’s
decision to leave and wish him all the best for the future.

Gert-Hartwig Lescow (40) will be the new Chief Financial Officer (CFO).
From September 2006 he managed a strategic project for the executive board
of Voith AG in Heidenheim. Prior to that, he was the commercial general
manager and head of finance at mobilcom AG in Büdelsdorf. Lescow succeeds
Mr. Hans-Oskar Sulzer as of April 1, 2008. Hans-Oskar Sulzer has decided to
leave the Company, in full agreement with the Company, to facilitate the
successor process.
The Supervisory Board and Executive Board have approved Hans-Oskar Sulzer’s
decision to leave and wish him all the best for the future.

Dr. Herbert Fehrecke (58) will be the new Chief Operations Officer (COO).
Previously, Dr. Fehrecke was a member of the Freudenberg AG & Co. KG
management team, where he was responsible for technology. Prior to that he
was the head of assembly at Volkswagenwerk AG in Wolfsburg.

Each key level of added value is now represented in the Group’s Executive
Board, headed by Stefan Dräger, Executive Board Chairman of Drägerwerk
Verwaltungs AG. There is no change to Dräger Medical AG & Co. KG and Dräger
Safety AG & Co. KGaA.

The five-year term of office of the incumbent members of the Supervisory
Board expires at the end of the annual general meeting of Drägerwerk AG &
Co. KGaA on May 9, 2008. During the current term of office, three of six
employer representatives turned 70 and will thus leave the Supervisory
Board on account of their age. The remaining three members will not be
standing for another term of office for personal reasons. The Supervisory
Board’s Nomination Committee thus proposes appointing a completely new
Supervisory Board. The Company has been able to win the following
candidates:

- Senator e. H. Dr. h.c. mult. Nikolaus Schweickart, former longstanding
chairman of the executive board of Altana AG
- Dr. Jürgen Peddinghaus, former general manager of Booz Allen Hamilton
Germany and chairman of the supervisory board of Jungheinrich AG
- Dr. Klaus Rauscher, former chairman of the executive board of Vattenfall
AG and former head of the State Chancellery of Bavaria
- Dr. Reinhard Zinkann, co-proprietor and managing partner of Miele & Cie.
KG
- Uwe Lüders, chairman of the executive board of L. Possehl GmbH & Co.
- Dr. Thorsten Grenz, operating partner of Distressed Debts 3i Germany,
former chairman of the executive board of mobilcom AG


Corporate Communications:
Burkard Dillig
Tel. +49 451 882-2185
burkard.dillig@draeger.com

Investor Relations:
Vanina Herbst
Tel. +49 451 882-2685 
vanina.herbst@draeger.com


Drägerwerk AG & Co. KGaA 
Moislinger Allee 53–55 
23542 Lübeck, Germany
www.draeger.com


DGAP 17.03.2008 
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Language:     English
Issuer:       Drägerwerk AG & Co. KGaA
              Moislinger Allee 53-55
              23542 Lübeck
              Deutschland
Phone:        +49 (0)451 882-0
Fax:          +49 (0)451 882-2080
E-mail:       info@draeger.com
Internet:     www.draeger.com
ISIN:         DE0005550636, DE 000 555 065 1, DE 000 555 067 7, DE 000 555 071 9
WKN:          555063, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D
Indices:      TecDAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Hannover, Düsseldorf, Hamburg, München; Freiverkehr in
              Stuttgart
End of News                                     DGAP News-Service
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