INDUSTRIAL MILK COMPANY S.A.
INDUSTRIAL MILK COMPANY S.A.: IMC appoints two new Board members
INDUSTRIAL MILK COMPANY S.A. / Key word(s): AGM/EGM/Miscellaneous 25.10.2013 / 09:33 --------------------------------------------------------------------- IMC appoints two new Board members - Prof. Dr. Alfons Balmann and Karen Fisher join Ukrainian agricultural group - Agricultural business experts will contribute as non-executive Board members to IMC's efficiency Luxemburg/Kiev, October 25, 2013 - Yesterday, the shareholders of IMC (Industrial Milk Company S.A.), one of the leading agricultural groups in Ukraine, approved the nomination of two new members of the Board in an Extraordinary General Meeting. Prof. Dr. Alfons Balmann and Karen Fisher, both citizen of Germany, join the holding as non-executive directors pursuant to the nomination by the Board of directors dated September 10, 2013. The non-executive directors were appointed for a period of six years. 'We are glad to have appointed Prof. Dr. Alfons Balmann and Karen Fisher as new non-executive members of the board', explained Oleksandr Petrov, Chairman of the Board. 'Both of them will contribute to a successful development of IMC's business activity through their expertise and their experience in the agricultural business.' Know-how in systematization of business processes and international network as key competencies Prof. Dr. Alfons Balmann, since 2002 Director and Head of Department at IAMO, the Leibniz Institute of Agricultural Development in Central and Eastern Europe, as well as professor at the Martin Luther University Halle-Wittenberg, is a specialist on the organization of agricultural businesses, investment and finance as well as structural change and policy analysis. He also serves as a member of several professional and advisory boards, among them the scientific advisory board 'Agricultural Policy' of the German Ministry for Food, Agriculture and Consumer Protection. With his experience in organization of agricultural business as well as in systematization of business processes Prof. Dr. Alfons Balmann will contribute to improving the company's efficiency. Karen Fisher, who holds a Master of Business Administration in General Management and a Master of Arts in North and Latin America Studies and Political Science, is co-owner and director of a consultancy, NIKA PP Consulting Ltd. Formerly she was Deputy General Director and coordinator of international relations of the Ukrainian Agribusiness Club (UCAB) for six years. Karen Fisher is supposed to give IMC guidance in international business relations. About IMC IMC (Industrial Milk Company S.A.) is one of the leading integrated agricultural companies in Ukraine, and is listed on the Warsaw Stock Exchange. The company is primarily involved in crop cultivation, the storage and processing of grain and oilseed crops, potato production and dairy farming. It operates 120,700 hectares of land located in the prime fertile farming regions of Ukraine (Poltava, Chernihiv, Sumy). The Kiev based company was founded in 2007. In 2012, IMC reported total revenues of USD 75,2 million and EBITDA of USD 32 million. For more information visit www.imcagro.com.ua. Press Contact: Christina Gehlen Stockheim Media GmbH Tel.: +49 (0)221 420 75-25 Email: cg@stockheim-media.com End of Corporate News --------------------------------------------------------------------- 25.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 236123 25.10.2013
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