Pankl Racing Systems AG
Pankl Racing Systems AG: Changes in the Management Board
Pankl Racing Systems AG / Key word(s): Change of Personnel 01.08.2011 08:00 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Pankl Racing Systems AG - Changes in the Management Board Kapfenberg, 1 August 2011 - CEO Wolfgang Plasser appointed for further 5 years - Alfred Hörtenhuber heads in future the CROSS Carbon Composite Group - Josef Faigle becomes new COO of Pankl Racing Systems AG The supervisory board of Pankl Racing Systems AG has set the course in terms of personnel leading the company for the medium term. The management board contract of CEO Wolfgang Plasser was extended for a further 5 years and runs now until May 2017. The current COO Alfred Hörtenhuber will lead the new CROSS Carbon Composite Group from October 2011 onwards and will hence retire from the Pankl management board as of 30 September 2011. At the next AGM he will candidate for a seat in the Pankl supervisory board. As of now the technical director of Pankl Racing Systems AG, Josef Faigle, is appointed into the management board. On 1 October 2011 he will take over the position of COO from Mr. Hörtenhuber. Mr. Faigle is appointed for 5 years until 31 July 2016. For further information: Investor Relations Tel.: +43 3862 33 999 317 e-mail: ir@pankl.com Internet: www.pankl.com 01.08.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria Phone: +43 3862 33 999 -317 Fax: +43 3862 33 999 -810 E-mail: ir@pankl.com Internet: www.pankl.com ISIN: AT0000800800 WKN: 914732 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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