Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
Personnel
Group Management of Precious Woods complete again

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13.10.2008

Cornelia Gehrig-Nell becomes the new CFO of Precious Woods Holding Ltd.

With the appointment of Cornelia Gehrig-Nell as new Chief Financial Officer, the Group Management Team of Precious Woods Holding Ltd. will again be complete by February 2009. Until she assumes her position CEO Andreas Heusler will continue to handle the responsibilities of a CFO on an ad interim basis.

The Management of Precious Woods will be strengthened by a highly skilled financial expert. The 42 year old business economist Cornelia Gehrig-Nell possesses broad knowledge in all financial aspects within medium sized and strongly export orientated industrial companies. At the same, time she is familiar with capital markets, the Swiss Exchange (SWX) and also acquainted with auditing. Due to her professional exposure and experience especially within midsize companies, Cornelia Gehrig-Nell is best qualified and the ideal candidate to assume the CFO Position of the Precious Woods Group.

Cornelia Gehrig-Nell looks back on a successful 15-year career in the financial area. She has experience as Senior Manager in the Audit Services of the renowned auditing firm PricewaterhouseCoopers, as well as Head of Group Treasury and Controlling at the Swiss Technology Group Mikron. Furthermore, she was in charge of the preparation of the IPO of Cablecom Ltd. In her current position as CFO and Member of the Group Management of Swiss Ionbond Ltd. she contributed first hand towards the lasting improvement of the group´s financial situation.

Precious Woods is an international company active in the sustainable management and use of tropical forests. The company's core activities include reforestation and sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products. The generation of emission rights and electricity from recovery wood represent further integral elements of the company's business. The shares of Precious Woods Holding have been traded on the SWX Swiss Exchange since March 2002. Further information about Precious Woods is available at www.preciouswoods.com.

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

Further inquiry note:
Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.:    +41 44 245 81 20
E-Mail: patrick.mauron@preciouswoods.com

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



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