Neumarkt--The new composition of Pfleiderer’s Supervisory Board is now complete. In the place of former Supervisory Board member Hanno C. Fiedler, who stepped down as of August 31, 2011, Florian Kawohl has been appointed as a member of the Supervisory Board by court order upon the request of the company’s Executive Board and Supervisory Board.

Florian Kawohl, a Managing Director of investment firm Strategic Value Partner, is a qualified lawyer and holds an MBA and has more than fifteen years of experience as a business consultant and financial investor.

“Due to his wide-ranging and long-standing experience as well as his high degree of personal expertise, Mr. Kawohl will be a valuable adviser on the realignement of our company,” stated Hans Overdiek, Chairman of the Executive Board (CEO) of Pfleiderer AG.

With the departure of Mr. Fiedler, the position of Supervisory Board Chairman also became vacant. As Fiedler’s successor in this position, the Supervisory Board has elected Harald Joachim Joos, who had already been appointed as a member of the Supervisory Board by court order as of July 12, 2011.

Several members of the Supervisory Board had stepped down from their positions in the context of the company’s restructuring. With the appointment of Mr. Kawohl, the Supervisory Board of Pfleiderer AG is now complete again with twelve members, as stipulated by the company’s articles of incorporation.

About Pfleiderer:

The Pfleiderer AG (ISIN DE 0006764749) is one of the world’s leading producers of engineered wood. The company employs approximately 5,100 people and operates 17 locations in North America, Western and Eastern Europe producing engineered wood, surface finished products and laminate flooring. Pfleiderer is a preferred partner of the furniture industry, specialist and home improvement stores, and interior design suppliers. In fiscal year 2010, the Group generated consolidated revenues of approximately €1.5 billion.

SOURCE: Pfleiderer AG