farmatic biotech energy ag
farmatic biot. energy ag english
New CEO at farmatic biotech energy ag
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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New CEO at farmatic biotech energy ag
Nortorf, 25 October 2002 – The supervisory board of farmatic biotech energy ag
has today appointed Mr Hubert Loick, 40 as CEO of the company with effect from 1
November. For this reason, Loick will resign from the companys supervisory
board as of 31 October 2002. On the management board Loick will be responsible
for the marketing, project development and research & development departments.
Previously he was comanager of ENR – Energiegesellschaft nachwachsender
Rohstoffe mbH, Dorsten, which belongs to the Loick Group, and was the managing
director of the Loick Group. One of ENRs key activities is project work for
agricultural biogas plants and the operation of such plants as well as the
control of material flow management. Farmatic and Loick are agreed that ENR
should be incorporated into farmatic with this project business.
A further arm of the Loick Group is VNR GmbH, market leader in the manufacture
and marketing of eco packaging, which is made out of renewable raw materials,
such as maize and grain, and is now already replacing plastic packaging.
Farmatic and Loick have also agreed that the Loick Group will grant the company
an option to purchase this business segment. This will lead to a direct
strengthening of farmatics position and the development of the bio recyclable
materials division. Loick will with-draw completely from the operative
management of the Loick Group.
The restructuring operation which was already initiated with the appointment of
Ulrich Wogart, 38, as CFO on 1 September 2002 will now be rigorously continued
through the appointment of Mr Lock as CEO. The basic conditions will therefore
be created to drive forward the strategic reorientation of the company.
Mr Manfred Filzek, 68, COO, will leave the company as scheduled at the end of
the year.
Should you have any queries, please contact Ms Margitta Kley (corporate communi-
cations), tel.: +49 (4392) 9177-128, fax: +49 (4392) 9177-297, e-mail:
ir@farmatic.com
end of ad-hoc-announcement (c)DGAP 25.10.2002
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WKN: 605192 ; ISIN: DE0006051923; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München und Stuttgart
251855 Okt 02
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