Cicor Technologies

euro adhoc: Cicor Technologies
Board of Directors (Appointments and Changes) / Cicor Technologies Strengthens Group Management: Lucas A. Grolimund is the new CEO

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 23.01.2007 Cicor Technologies, the Neuchâtel-based industrial group that specializes in developing and manufacturing printed circuit boards as well as offering Electronic Manufacturing Services (EMS), is expanding and strengthening its management team and adjusting its organizational structure to the greater demands it faces. In line with group development plans, current CEO Robert Demuth is taking on wider strategic responsibilities. At the start of May, Lucas A. Grolimund (40), an experienced industrial manager, takes over responsibility for operational management as the group's new CEO. Having graduated as an electrical engineer from the Swiss Federal Institute of Technology and with an MBA from INSEAD Fontainebleau, Lucas A. Grolimund brings solid technical expertise and proven management experience to his new role. His career took him after his studies to McKinsey and then to Gate Gourmet where, as CFO and Member of the Executive Board, he played a major role in the company's development. For the last three years he has been CEO of Schlatter, where he successfully managed the turnaround of this listed Swiss manufacturing group. Lucas A. Grolimund's priorities as the new CEO of Cicor Group are to successfully manage the company's continued growth as well as the related integration and organizational tasks. He is scheduled to take over as CEO of Cicor Technologies Group at the start of May 2007. Robert Demuth has done much to build up Cicor Technologies and has successfully managed the group during an important period of growth and integration. As an executive member of the Board of Directors he will continue to push forward the group's growth, organically and through acquisitions. The Board of Directors will therefore propose to the Annual General Meeting of Shareholders on June 21, 2007 that Robert Demuth be elected to the Board. In this function he will concentrate in particular on the group's further strategic development, as well as assessing and implementing acquisition projects and other strategic matters. He will work closely with the new CEO, Lucas A. Grolimund, on the implementation of these plans. end of announcement euro adhoc 23.01.2007 07:00:00 -------------------------------------------------------------------------------- ots Originaltext: Cicor Technologies Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Christian Welter Robert Demuth Executive Director CEO Tel. +41 79 409 40 91 Tel. +41 79 401 02 01 Email media@cicor.ch Email media@cicor.ch Branche: Technology ISIN: CH0008702190 WKN: 8702190 Index: SPI, SSCI, SPIEX Börsen: Frankfurter Wertpapierbörse / free trade SWX Swiss Exchange / official market

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