DGAP-News: Wacker Neuson SE / Key word(s): Change of Personnel Wacker Neuson SE: New CEO brings wealth of experience in international business 13.07.2011 / 15:45 --------------------------------------------------------------------- New CEO brings wealth of experience in international business (Munich, July 12, 2011) Light and compact equipment manufacturer Wacker Neuson SE has appointed a new CEO. Cem Peksaglam (43) will be taking the helm on September 1, 2011. He succeeds Dr. Georg Sick, who left the Executive Board on September 15, 2010. Business management graduate Cem Peksaglam has held a variety of management positions in the Bosch Group during his career. He spent nine years in international management, where he gathered a wealth of experience in numerous regions including South America and the Far East. From 2007 to 2010, Mr. Peksaglam was President and Managing Director of Robert Bosch (Southeast Asia) Pte. Ltd., based in Singapore, where he was responsible for Bosch's activities in Southeast Asia and for around 4,200 employees. In the course of his career, Cem Peksaglam also took on management positions on an honorary basis in various chambers of commerce, umbrella organizations and industry working committees both within and outside of Germany. He speaks six languages and is married with two children. Mr. Peksaglam has gained in-depth experience in a variety of industries, which he draws upon to the greatest effect when managing personnel from diverse cultural backgrounds. Active experience with high-tech products throughout his career has given him a solid technical foundation. Cem Peksaglam will be bringing all of these capabilities - and in particular his international experience - to Wacker Neuson. 'Numerous strengths such as service and quality excellence, innovative product solutions, uncompromising customer focus and a dedicated workforce mean that Wacker Neuson has exactly what it takes to become an even bigger player in established and emerging markets. My role is to ensure that we dovetail these valuable assets as effectively as possible to secure the long-term success of Wacker Neuson,' Cem Peksaglam explains. Hans Neunteufel, Chairman of the Supervisory Board of Wacker Neuson SE, goes on to explain why Cem Peksaglam was the candidate of choice. 'Establishing a strong base in Europe and North America was previously a top priority for many European construction equipment manufacturers. Over the next twenty years, however, Asia and South America will become major growth spots. Our decision to appoint Mr. Peksaglam CEO aligns with our strategy to capitalize on the challenges and opportunities presented by these markets. We are bringing on board an experienced business executive with a strong background in engineering, an outstanding international reputation and years of leadership at Bosch. Both he and his colleagues on the Executive Board of Wacker Neuson SE will give added momentum to our journey as we reach for our ambitious growth goals,' he adds. In addition to the role of CEO, Cem Peksaglam will be responsible for investor relations, legal issues, HR, Group auditing, real estate and quality management. Richard Mayer will step down from his interim role as acting Spokesperson of the Executive Board. He will, however, remain responsible for light equipment at Executive Board level. 'We are looking forward to working with Mr. Peksaglam and shaping the future of Wacker Neuson,' explains Mr. Mayer speaking on behalf of the Executive Board. Günther Binder (finance and IT), Martin Lehner (compact equipment) and Werner Schwind (sales, rental, logistics, service, marketing and training) will also retain their former areas of responsibility. 'We would like to thank all four members for their efforts in successfully steering the company through this interim phase despite the significant increase in their workload,' emphasizes Chairman of the Supervisory Board Hans Neunteufel. Your contact partner: Wacker Neuson SE Katrin Yvonne Neuffer Head of Corporate Communication / Investor Relations Preussenstr. 41 80809 Munich, Germany Tel: +49-(0)89-35402-173 katrin.neuffer@wackerneuson.com www.wackerneuson.com About Wacker Neuson Wacker Neuson SE is a global manufacturer of light and compact equipment. With over 30 affiliates and more than 180 locations across the globe, the company offers an exceptionally broad portfolio of products and services. Manufacturing activities are distributed across three German, one Austrian, two American and one Philippine production sites. Almost all products manufactured by the company are branded Wacker Neuson. The only exceptions to this in Europe are Kramer Allrad products and Weidemann-branded agricultural machinery. With over 300 product categories and complementary rental, spare parts and repair services, Wacker Neuson is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in the industrial and recycling sectors. End of Corporate News --------------------------------------------------------------------- 13.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Wacker Neuson SE PreuÃenstr. 41 80809 München Deutschland Phone: +49 - (0)89 - 354 02 - 0 Fax: +49 - (0)89 - 354 02 - 390 E-mail: info@wackerneuson.com Internet: www.wackerneuson.com ISIN: DE000WACK012 WKN: WACK01 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 131922 13.07.2011
DGAP-News: Wacker Neuson SE: New CEO brings wealth of experience in international business
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