euro adhoc: Kaba Holding AG / Management Changes / Kaba Group announces changes in management structure (E)

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Rümlang, May 9, 2003 - A number of executive functions have been

reassigned in the Kaba Group’s Door Systems and Access Systems Divisions. Jakob Gilgen, the former General Manager of Kaba Gilgen AG in Schwarzenburg, has been appointed the new head of the Door Systems Division. Also, the Access Systems Europe and Access + Key Systems Americas Divisions now report directly to CEO Ulrich Graf. These adjustments follow the successful and meanwhile largely completed integration of the Unican Group, which was acquired in 2001.

Door Systems Division
Effective July 1, 2003, the Board of Directors of Kaba Holding AG appointed Jakob Gilgen the new head of the Door Systems Division; he also joins the Executive Committee of the Kaba Group. Mr. Gilgen succeeds Sönke Bandixen, who had held this position since 1997. Over the past ten years, Jakob Gilgen (48) transformed Kaba Gilgen AG in Schwarzenburg, which became part of the Kaba Group in 1996, into a technologically leading and profitable manufacturer of door and gate systems as well as drives. Thanks to his in-depth know-how in development and production, but also because of his familiarity with international markets, Jakob Gilgen is highly qualified to drive the turnaround and development of the Door Systems Division.
Since Jakob Gilgen will be moving from Schwarzenburg to Kaba’s headquarters in Rümlang, George Ulmschneider, the former managing director of Kaba AG in Wetzikon, the distribution company that handles the Swiss market, will assume responsibility for the Door Systems Division’s domestic distribution organization at Kaba Gilgen AG in Schwarzenburg. George Ulmschneider is succeeded by his deputy Hanspeter Padrutt, former head of Systems Integration Switzerland.

Access Systems Division
Heribert Allemann very successfully integrated the Unican companies, acquired in 2001, into the Kaba Group. In this context, all Access Systems Divisions worldwide reported directly to him. In the future, he will focus on the development of the Access Systems Asia-Pacific Division and on Business Development + IT operations. In this new function, he remains deputy CEO.
Ulrich Wydler, head of the Access Systems Europe Division, and Frank Belflower, head of the Access + Key Systems Americas Division, will report directly to the CEO.

Further inquiry note:
For further information:
Ulrich Graf, President and CEO, Tel. +41 1 818 90 61
Dr. Werner Stadelmann, CFO, Tel. +41 1 818 90 61

Kaba Holding AG
CH-8153 Rümlang, Switzerland
Tel: 41 1 818 90 11
FAX: 41 1 818 90 18

Emittent: Kaba Holding AG Hofwisenstrasse 24 CH-8153 Rümlang Tel: 41 1 818 90 11 FAX: 41 1 818 90 18 Email: WWW: ISIN: CH0011795959 WKN: 1179595 Indizes: SPI Börsen: official dealing SWX Swiss Exchange

end of announcement euro adhoc

Branche: Semiconductors & active components
Sprache: Englisch