Conzzeta AG: Change in the Group Executive Board - Alex Waser takes over as CEO of Bystronic

Wed Dec 12, 2012 1:01am EST

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Conzzeta AG / Conzzeta AG: Change in the Group Executive Board - Alex Waser takes over as CEO of Bystronic . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Zurich, 12 December 2012 - The Board of Directors of Conzzeta AG has appointed Alex Waser as Head of the Sheet Metal Processing Systems business unit (Bystronic). As previously announced, his predecessor Ferdi Töngi has decided to retire.

Alex Waser, who is taking over as head of the Conzzeta Group's largest business unit, is an internationally experienced manager. After training as a car mechanic, followed by a degree in automotive engineering, Alex Waser started his career in 1994 with the SPX Corporation, a globally active supplier of workshop equipment and diagnostic systems to the automotive industry. Up to 2010, he took various leading executive roles within the SPX Corporation in Europe and the USA. During this period, he concentrated on extending the customer base, integrating acquisitions and increasing business volume.

Mr Waser currently works at Ecolab, a supplier of cleaning systems to the food industry. He is in charge of the majority of European markets and focuses on development of the customer base, optimization of distribution processes as well as structural modifications to adapt the organization to changing market demands.

Alex Waser is 45 years old, a Swiss national, and holds an Executive MBA. He will take over as CEO of Bystronic no later than July 1, 2013.

For further information please contact:
Christian Thalheimer, Head of Corporate Services
Phone +41 44 468 24 84

Conzzeta Group is an internationally active Swiss holding company with approximately 3,500 employees worldwide. Its activities are in the areas of machinery and systems engineering, foam materials, sporting goods, graphic coatings and real estate. Conzzeta's shares are listed on the SIX Swiss Exchange (SWX:CZH).

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Source: Conzzeta AG via Thomson Reuters ONE


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Conzzeta AG
Giesshübelstrasse 45 Zürich Switzerland

WKN: 265798;ISIN: CH0002657986;