Balda AG / Key word(s): Miscellaneous/Miscellaneous
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
– Balda in future strengthens the regions
– Board of directors’ department sales is cancelled
– Chief Sales Officer Rainer Frilling retires
Bad Oeynhausen – The Balda AG continues the reengineering of the
organizational structure. The board of directors located in Germany in Bad
Oeynhausen concentrates on strategy as well as the coordination and
steering of the global activities of the group. In the course of the
enhancing concentration on the ’emerging markets’, especially Asia and
South America, the Balda-Concern now transfers the operative leadership
including responsibility for the results to the regional CEOs in Europe,
Asia, South America and India. This alignment is necessary to reflect the
specific requirements of the global customers in the respective regions.
With this step the company also transfers part of the sales responsibility
to the regional CEOs. The global sales coordination will in future still be
carried out in the holding. This organizational structure leads to the
cancellation of the up to now board of directors’ department ‘sales’.
As a result of this restructuring Chief Sales Officer Rainer Frilling will
leave Balda on best mutual terms effective 31. July 2006. Frilling joined
Balda in 1997. As a member of the board he had considerable impact on the
successful development of the Balda-Group. Frilling positively influenced
especially the entering of the mobile phone business and the building up of
the relationship to the mobile phone producers. The supervisory board
acknowledges Frilling’s work in the group with great thanks.
Contact: Balda AG, Cersten Hellmich und Kathrin Wiederrich (Investor
Relations), Phone: (05734)922-2706 / 2751, Fax: (05734) 922-2691, E-Mail:
email@example.com, firstname.lastname@example.org, Internet: www.balda.de
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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