gategroup Holding AG Announces New Organizational Structure

gategroup Holding AG (gategroup) announced changes to realign its global services and product lines into two businesses: Airline Solutions and Product and Supply Chain Solutions. The changes are effective as of March 1, 2012. gategroup brands Gate Gourmet, Gate Aviation Services, Gate Safe, eGate Solutions and Performa, will become part of gategroup's new global Airline Solutions business. The business also will include the Gate Retail Onboard platform, formed in 2011. The Airline Solutions business will remain regionally led, with the two markets centered in Europe and North America continuing as single divisions under existing leadership. The remaining regions, including Latin America, Asia-Pacific, and the Middle East, will be coordinated as one Emerging Markets division with strengthened local teams. In a separate move, the gategroup brands focused on airline products and supply chain management, namely deSter, Harmony, Supplair, potmstudios and Pourshins will become part of a new global Product and Supply Chain Solutions business. The new business structure will change how gategroup reports its financial information, effective for the fiscal year ending on December 31, 2012.