Additech Announces Next Chapter in Company Leadership

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Thu Oct 8, 2009 6:26pm EDT

HOUSTON--(Business Wire)--
Additech (www.additech.com), North America`s leading outsourced operator of
at-the-pump interactive merchandising systems today announced some changes in
its leadership team. As part of a development plan that began three years ago
when Andrew Austin was appointed President, he has today been named President
and Chief Executive Officer of Additech succeeding Ralph Koehrer, who had been
Additech`s Chief Executive Officer for the last 6 years. Ralph will remain with
the company as a director and as Chairman of the Board. The Board of Directors
has also appointed Kirt Scott, Additech`s senior technology executive, as
Executive Vice President, and Jim Timmer, Additech`s senior operating executive,
as Chief Operating Officer. 

"The time has come for me to hand over the day to day responsibility to my
colleague and good friend of over ten years, Andrew Austin. We appointed Andy as
President in February 2006 with the expectation that, one day, he would take on
the CEO role. And I can tell you that, as President of Additech, Andy's support
has proved invaluable," said Ralph Koehrer, Chairman of Additech. "There will be
a gradual transition over the next three months or so while Andy settles in to
his new responsibilities. My commitment to the success of Additech has not
changed in any way; I will just be playing a different role." 

Andrew Austin commented "We are fortunate that we have built a strong leadership
team whose skills and abilities complement each other very well. And with our
new inFAD technology and our commercial agreement with Dresser Wayne, Additech
is entering a new chapter. I want to thank Ralph for his leadership the past 6
years and I look forward to continuing to work with him and to ensure that
Additech extends its leading position in the at-the-pump interactive
merchandising market." 

Andy joined Additech in October, 2004. In February, 2006 he was appointed as
President. Before joining Additech, Andy spent over fifteen years creating
successful marketing and business growth strategies for leading Fortune 1000
corporations and early stage ventures. As a management consultant at The MAC
Group/Gemini Consulting and Chicago Strategy Associates, Andrew advised senior
executives at over 30 Fortune 1000 corporations. He has deep experience creating
and implementing market-driven growth strategies across a range of technology,
service, and manufacturing industries. Andrew has performed interim marketing
and business development line roles on behalf of early stage ventures. Andrew
holds an M.B.A. from Kellogg School of Management, Northwestern University and a
B.S. from LeMoyne College. 

About Additech

Additech, Inc., headquartered in Houston, Texas, is the leading outsourced
operator of at-the-pump interactive merchandising systems in North America.
Additech`s patented systems, installed on over 4,000 fueling positions, enable
fuel retailers to merchandise a variety of products and services to consumers
right at the gas pump. The company`s technology seamlessly integrates with fuel
dispensers and point-of-sale systems to offer retailers a complete merchandising
solution. Additech offers its solutions to fuel retailers on a turnkey services
basis, meaning that Additech manufactures, installs, operates, and maintains its
equipment on behalf of fuel retailers. Retailers receive a share of Additech`s
revenues, without having to make a capital investment while Additech is
responsible for operating and maintaining the systems. For more information
about Additech and its retailer programs please visit http://www.additech.com.

Additech, Inc.
Hazel Kassu, 832-573-1302
Marketing Director
hkassu@additech.com
www.additech.com

Copyright Business Wire 2009

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