Tuesday, August 14, 2012

WashTec AG: Change of the Management Board


AdHoc release:
WashTec AG: Change of the Management Board

Augsburg, July 27, 2012 - WashTec AG, the leading provider of innovative
vehicle washing solutions worldwide, announces a change of the management
board.

Thorsten Krüger, spokesman of the management board, and Houman Khorram,
CFO, have resigned on their own request effective July 31, 2012. Reasons
for the change are different views on the speed of the strategic
repositioning of the company.

Michael Busch, member of the supervisory board of WashTec AG since 2003 and
serving as chairman of the supervisory board since 2007 will be delegated
from the supervisory board to the management board according to sec. 105 II
of the German Securities Act (Aktiengesetz) until a new spokesman of the
management board has been designated. For the time being, he will serve as
sole board member.

For the term of the delegation, Massimo Pedrazzini has been elected as new
chairman of the supervisory board while Jens Große-Allerman will serve as
deputy chairman.

WashTec AG, Argonstr. 7, 86153 Augsburg 
ISIN: DE0007507501 
Listed: Official market in Frankfurt (Prime Standard); OTC market in 
Berlin-Bremen, Düsseldorf, Munich and Stuttgart 

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