EANS-News: Hoeft & Wessel streamlines Group structure

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Subtitle: Peter Claussen leaving the company

Hannover / Germany, 4 May 2011. (euro adhoc) - The Hoeft & Wessel Group is
streamlining its Group structures. In future, CEO Hansjoachim Oehmen and member
of the Board of Management Thomas Wolf will jointly run the technology company
which is aiming for sales revenues of over EUR 96 million for the year 2011.
Peter Claussen will be leaving the company once his contract expires in the
middle of the year. The streamlining of the Group´s hierarchical structures
results in a new, cross-divisional allocation of responsibilities for the
downsized Board of Management and for second-tier management. It also leads to
even closer cooperation between the two main locations of Hannover, Germany, and
Swindon, UK. The resultant synergies are expected to contribute to a further
improvement in the operating result.

"In the past 15 years, Mr Claussen has contributed a great deal to the
expansion and internationalisation of business at Hoeft & Wessel AG. On behalf
of the Supervisory Board and the entire company, I would like to thank Mr.
Claussen for his contributions and wish him all the best and every success for
the future," said Prof. Dr. Dr.-Ing. Dr. h.c. Klaus E. Goehrmann, Chairman of
the Supervisory Board of Hoeft & Wessel AG.

Press kit with photos of the members of the Board of Management:
http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

The Company
The Hoeft & Wessel Group is the leading IT and engineering technology Group for
ticketing, parking and mobile solutions in Germany and Great Britain.
Established in 1978 by the two entrepreneurs who gave the company its name and
listed on the stock market since 1998 (ISIN DE0006011000), the enterprise has
developed into a group of companies with sales revenues of nearly EUR 100
million and a workforce of 500 employees. Its main locations are Hannover,
Germany, and Swindon, UK, to the west of London.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: [email protected]
end of announcement euro adhoc
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company: Höft & Wessel AG
Rotenburger Str. 20
D-30659 Hannover
phone: +49-511-6102-0
FAX: +49-511-6102-411
mail: [email protected]
WWW: http://www.hoeft-wessel.com
sector: Technology
ISIN: DE0006011000
indexes: TecDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English

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