VA Technologie AG

euro adhoc: VA Technologie AG
Management Changes
Dr. Hanno Bästlein new CFO of VA Technologie AG (E)

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The Chairman of the VA TECH Supervisory Board, Dr. Peter Michaelis, announced that the Supervisory Board has appointed Dr. Hanno Bästlein as the new CFO of VA TECH. Bästlein succeeds Dr. Roland Scharb, whose contract expires at the end of June. Hanno Bästlein’s appointment to the VA TECH Board will officially come into effect on 1 October 2004; until then, he will serve the company as a consultant. Klaus Sernetz, the designated new Chairman will act as interim CFO until Hanno Bästlein assumes his responsibilities. Commenting on the appointment of the new CFO, Dr Michaelis said, "With the concurrence of the designated Chairman of the Board, Klaus Sernetz and his deputy Gerhard Falch, we are pleased to be able to fill the CFO position with a renowned financial expert who has extensive experience in our field. The other members of the VA TECH Board will remain as before: Klaus Brenner, chairman of the Board at VA TECH T&D and Christian Habegger, Chairman of the Board at VA TECH HYDRO. Now we’ve got an excellent team at the helm to successfully steer the VA TECH Group into the future." After completing his banking apprenticeship, Hanno Bästlein (41) studied economics at the University of Witten/Herdecke and also attended Stanford University, California. He started his career in 1992 at Ico, a medium-sized plant engineering company, as assistant to the executive management and later became the commercial director. In 1994 he joined Hochtief AG and from 1995 onwards, as a member of the management, was responsible for the commercial activities at the Head Office in Rhein-Ruhr. He served as CEO of one of the company’s affiliates, Streif AG, in 1998. In 1997, he received his doctorate from the Albert-Ludwigs University in Freiburg. In 1999 he established a Controlling and M&A division for the Hochtief group. From May 2000 to the end of 2002 he served as speaker of the executive board at Hochtief International before becoming Financial Director in 2003 at Plus, an international trading company. Dr. Hanno Bästlein is married and has two children.

end of announcement            euro adhoc 22.06.2004
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Further inquiry note: Bettina Pepek Press Officer bettina.pepek@vatech.at Phone: 0043 1 89100 3400

Branche: Technology
ISIN:      AT0000937453
WKN:        093745
Index:    ATX, ATX Prime, WBI
Börsen:  Wiener Börse AG / official dealing
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade



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