Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
Management Changes
Change in Group Management at Precious Woods

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13.05.2008

Ted Scheidegger, CFO of Precious Woods, has accepted an appointment as CEO of a Company in Germany which is planning its IPO. He will therefore be leaving Precious Woods in the coming summer, but will remain available to support Precious Woods as a consultant for a transition period.

Ted Scheidegger joined Precious Woods in 2001 and supported Precious Woods with his valuable know-how and high commitment. He was instrumental for the initial listing of Precious Woods on the SWX Swiss Exchange in 2002 and for numerous acquisitions and capital increases completed since then. He was also responsible for the set-up and management of the ground breaking emission reductions business.

Until the executive management team has been completed, CEO Andreas Heusler will also handle the responsibilities of CFO for an interim period. The Chairman of the Board, Andres Gut, will support him in his other duties during this time.

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ots Originaltext: Precious Woods Holding Ltd.
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Kontakt:
Precious Woods Holding AG, Zug
Dr. Andres Gut, Chairman
Tel.  +41 44 245 80 10
E-Mail: office@preciouswoods.com

Branche: Forestry & Timber
ISIN:      CH0013283368
WKN:        982280
Index:    SPI
Börsen:  SWX Swiss Exchange / official dealing



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