Balda AG / Key word(s): Change of Personnel/Miscellaneous
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Balda AG: Supervisory Board appoints Michael Sienkiewicz as new Chief
Executive Officer (CEO)
Bad Oeynhausen, 6 July 2009. The newly elected Supervisory Board of Balda
AG, listed in the Prime Standard Segment of the Frankfurt Stock Exchange,
in its meeting on the weekend appointed Michael Sienkiewicz (56)
as the company’s new Chief Executive Officer (CEO), effective as of 6 July
2009. The management consultant has a long-standing experience in managing
companies manufacturing high-tech electronic products. He was a member of
the Balda AG Supervisory Board until 3 July 2009.
Company profile Balda AG
The Balda Group develops and produces highly integrated plastic and
electronic devices, primarily for the telecommunications sector. In
addition, the company manufactures high-tech equipment such as headphones
and hands-free sets.
The future is derived from past experience. Balda has developed an active
culture of continuous transformation through the traditions established
within the hundred years of its existence. Since its founding, innovation
and technology have been the significant driving forces of progress and the
guarantors of corporate success. Today, Balda is an internationally
positioned high-tech company with innovative products and a high
Balda AG, which is registered in the Prime Standard on the German Stock
Exchange, services international brand-name clients in the mobile
telecommunications sector, medical technology and other similar markets.
The Group produces close to its customers’ locations in the expanding
growth markets. With three production facilities, the Group has a strong
position in China and Malaysia. Within the framework of a shareholding in a
leading producer of touch screens in China, Balda is participating in the
dynamic development in the touch-sensitive display sector.
The vision was and is clear: Balda will strengthen its technological
innovations potential and further expand in the promising growth regions of
Asia. Balda will thus achieve the conditions for profitable growth and a
sustainable increase in added value.
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If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 5734 922 2604. Email: email@example.com, Internet:
* * *
This corporate news includes ‘forward-looking statements’ which are based
on the current expectations of the management of Balda. They are subject to
risks and uncertainty because they relate to events and depend on
circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.
This corporate news is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the ‘Securities Act’)) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities Act.
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Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service