Press release BoxID: 279527 (Homag Group AG)

Homag Group AG
Homagstraße 3-5
72296 Schopfloch, de
http://www.homag-group.de

Contact person
Simone Müller
+49 (7443) 13-2034

Reorganization of the management board of HOMAG Group AG

(PresseBox) ( Schopfloch, 09-07-29 )

At At its meeting on July 28, 2009, the supervisory board passed a resolution to make the following changes to the management board: From September 1, 2009, Rolf Knoll, longstanding member of the management board, will assume the function of CEO in addition to his responsibility for group operations. The new Head of Sales will be Jürgen Köppel, since 2004 managing director of the successful HOMAG production company BRANDT Kantentechnik GmbH. He will take up this new position no later than January 1, 2010.

The reorganization was necessary because Dr. Joachim Brenk, the current CEO of HOMAG Group AG and responsible within the management board for sales, service and marketing, is leaving the company of his own volition at the end of the year to take on a new position. In connection with this change, the supervisory board expressly thanked Dr. Brenk for his work and his special contribution to the further development of the HOMAG Group.

Filling both positions - CEO and Head of Sales - internally will ensure continuity in the management of the HOMAG Group. This will be supported by the handover by Dr. Brenk who will be available to the company until year-end.

Homag Group AG

With its 16 production companies worldwide, 22 group-owned sales and service companies and approximately 60 exclusive sales partners, HOMAG Group AG's market position is excellent and its portfolio as a comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the Company sees itself as the leading global manufacturer for plant and machinery for the woodworking industry for the production of furniture and construction elements as well as prefabricated houses. The group also offers its customers a wide range of services in related areas for production machines and equipment. HOMAG Group AG shares have been trading on the Prime Standard of the Frankfurt Stock Exchange since July 13, 2007 and were listed on the SDAX of the German Stock Exchange on October 2007.

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