Schopfloch 17/12/2010 -- At its meeting yesterday, the supervisory board of HOMAG Group AG appointed Dr. Markus Flik as the future CEO and Hans-Dieter Schumacher as CFO.

“We are convinced that with our two new board members we are very well equipped to continue on the Company’s successful development path,” said the supervisory board’s chairman, Torsten Grede. “With Dr. Markus Flik and Hans-Dieter Schumacher, we have gained two outstanding leaders with international experience.”

Dr. Markus Flik was most recently CEO of Behr GmbH & Co. KG. After completing his studies in mechanical engineering and an engagement at the Massachusetts Institute of Technology, Cambridge, USA, Dr. Markus Flik joined Behr GmbH & Co. KG in 1992, where he held various positions, including chairman of the management board from 2003 and CEO from 2006. Dr. Markus Flik will join the management board of Homag Group AG as of April 1, 2011 and become its chairman as of July 1, 2011. After 12 successful years on the management board, since 2009 as CEO, Rolf Knoll will retire as planned, but will continue to serve the Company in a consulting capacity. “Since his appointment to the management board in 1999, Rolf Knoll has made a major contribution to the Company’s successful development over more than a decade, including successfully navigating the Company through the economic crisis towards the end of his term of service,” said the chairman of the supervisory board, Torsten Grede. “We thank him for his immense contribution and are delighted that he will continue to support the Company with his wealth of knowledge.”

Hans-Dieter Schumacher was most recently CFO of Sto AG. Following his studies in business management, Hans-Dieter Schumacher held various managerial positions at Villeroy & Boch AG, Mannesmann Handel AG and Aesculap AG & Co. KG. He held the position of CFO at Sto AG from 2003. Hans-Dieter Schumacher will join the management board as of January 15, 2011 and replace Andreas Hermann as CFO as of April 1, 2011. In August 2010, Andreas Hermann asked the supervisory board to terminate his employment agreement prematurely as of March 31, 2011 for personal reasons. The supervisory board of Homag Group AG would like to expressly thank Andreas Hermann for his work and his special contribution to the further development of the HOMAG Group. This also extends in particular to his great commitment to the successful IPO in 2007 in which he was instrumental.

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