EANS-Adhoc: Precious Woods Holding Ltd. / Joachim Kaufmann appointed new CEO of the Precious Woods Group

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The Board of Directors of Precious Woods has appointed Joachim Kaufmann as the new CEO of the Precious Woods Group. He will assume this responsibility on 1 June 2010 after a brief induction period. "Because of the in-depth selection procedure we are confident that we have found the most suitable candidate for this extremely interesting and challenging role", explained Chairman of the Board of Directors and acting CEO Ernst A.

His professional career to date most recently led Joachim Kaufmann to the role of CEO of the Feintool Group in Lyss. Before that he occupied various group management positions with Adval Tech and Feintool. Herr Kaufmann also has many years' management experience with Sulzer in Brazil. His comprehensive industrial, operational and financial experience in international markets will strengthen the management of the Precious Woods Group and make a significant contribution to the further development of the company.

end of announcement euro adhoc

issuer: Precious Woods Holding Ltd. Baarerstrasse 135 CH-6301 Zug phone: +41 44 245 80 10 FAX: +41 44 245 80 12 mail: office@preciouswoods.com WWW: http://www.preciouswoods.com sector: Forestry & Timber ISIN: CH0013283368 indexes: SPI

stockmarkets: official dealing: SIX Swiss Exchange
language: English

Rückfragen & Kontakt:

Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.: +41 44 245 80 10
E-Mail: media@preciouswoods.com