Neumarkt – The Supervisory Board of Pfleiderer AG (ISIN DE 0006764749) has decided to appoint Hans-Joachim Ziems (57) as a new member of the company’s Executive Board with responsibility for restructuring with immediate effect. In this position, Mr. Ziems is the successor to Ernst Pelzer (52).

“With Mr. Ziems, we have gained an experienced specialist in the field of restructuring. He will benefit in his new position from decades of experience in industry and business consulting,” stated Hanno C. Fiedler, Chairman of Pfleiderer’s Supervisory Board. “We are convinced that he
will make a major contribution to the continuation of Pfleiderer’s restructuring and will help to bring it to a successful conclusion.”

Hans-Joachim Ziems is a managing partner of Ziems & Partner Business Consultants in Cologne. The firm specializes in restructuring and was in
charge for example of the self-administration of the Kirch Media Group in Munich and of the restructuring of the Merckle Ratiopharm Group in Ulm.

New member of the Pfleiderer Supervisory Board

Pfleiderer AG has also announced the appointment of Alfred Hagebusch (62) as a new member of the Supervisory Board. He has been appointed
by the Nuremberg District Court with immediate effect. Mr. Hagebusch is the successor to Dr. Helmut Burmester, who stepped down from his position as of February 17, 2011.

Mr. Alfred Hagebusch is a partner of the Wellensiek firm of lawyers, which is specialized in the resolution of companies’ crisis-related issues. Mr. Hagebusch’s main areas of activity include corporate law, crisis and turnaround consulting, restructuring concepts, M&A in the crisis, and
above all, advising management and shareholders on the execution of restructuring. Mr. Hagebusch has more than 30 years of experience in corporate business consulting, in particular in the field of turnarounds and restructuring. His legal expertise is supplemented by his comprehensive knowledge of business administration.

About Pfleiderer:

The Pfleiderer AG (ISIN DE 0006764749) is one of the world’s leading producers of engineered wood. The company employs approximately 5,400 people and operates 20 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

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