euro adhoc: Cicor Technologies / Board of Directors (Appointments and Changes) / Cicor Technologies Strengthens Group Management: Lucas A. Grolimund is the new CEO (E)

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23.01.2007

Cicor Technologies, the Neuchâtel-based industrial group that specializes in
developing and manufacturing printed circuit boards as well as offering
Electronic Manufacturing Services (EMS), is expanding and strengthening its
management team and adjusting its organizational structure to the greater
demands it faces. In line with group development plans, current CEO Robert
Demuth is taking on wider strategic responsibilities. At the start of May, Lucas
A. Grolimund (40), an experienced industrial manager, takes over responsibility
for operational management as the group's new CEO.

Having graduated as an electrical engineer from the Swiss Federal Institute of
Technology and with an MBA from INSEAD Fontainebleau, Lucas A. Grolimund brings
solid technical expertise and proven management experience to his new role. His
career took him after his studies to McKinsey and then to Gate Gourmet where, as
CFO and Member of the Executive Board, he played a major role in the company's
development. For the last three years he has been CEO of Schlatter, where he
successfully managed the turnaround of this listed Swiss manufacturing group.

Lucas A. Grolimund's priorities as the new CEO of Cicor Group are to
successfully manage the company's continued growth as well as the related
integration and organizational tasks. He is scheduled to take over as CEO of
Cicor Technologies Group at the start of May 2007.

Robert Demuth has done much to build up Cicor Technologies and has successfully
managed the group during an important period of growth and integration. As an
executive member of the Board of Directors he will continue to push forward the
group's growth, organically and through acquisitions. The Board of Directors
will therefore propose to the Annual General Meeting of Shareholders on June 21,
2007 that Robert Demuth be elected to the Board. In this function he will
concentrate in particular on the group's further strategic development, as well
as assessing and implementing acquisition projects and other strategic matters.
He will work closely with the new CEO, Lucas A. Grolimund, on the implementation
of these plans.

Further inquiry note:
Christian Welter Robert Demuth
Executive Director CEO
Tel. +41 79 409 40 91 Tel. +41 79 401 02 01
Email [email protected] Email [email protected]

end of announcement euro adhoc 23.01.2007 07:00:00
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emitter: Cicor Technologies
8, Route de l´Europe
CH-2017 Boudry
phone: +41 (0)32 843 0555
FAX: +41 (0)32 843 05 99
mail: [email protected]
WWW: http://www.cicor.ch
ISIN: CH0008702190
indexes: SPI, SSCI, SPIEX
stockmarkets: free trade: Frankfurter Wertpapierbörse, official market: SWX
Swiss Exchange
sector: Technology
language: English

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