Tous Actualités
Suivre
Abonner Kaba Holding AG

Kaba Holding AG

euro adhoc: Kaba Holding AG
Management Changes
Rudolf Weber appointed CEO of the Kaba Group as of mid-2006 - Ulrich Graf to become chairman after the General Meeting in 2006

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
19.05.2005
Rümlang, 20 May 2005  The Board of Directors of Kaba Holding AG has
appointed Rudolf Weber the new CEO of the Kaba Group. Weber has been
a member of the board since 1998 and is currently CEO of Fr. Sauter
AG in Basel. He will assume the responsibility for the Group’s
operations as of mid-2006. Also, the Board of Directors intends to
nominate the current CEO, Ulrich Graf, as its chairman after the
General Meeting in 2006. This will assure sustainability in the
successful implementation of the Group’s strategy as well as
continuity in appointments for top management positions.
Kaba’s Board of Directors has appointed experienced entrepreneur
Rudolf Weber as the Group’s new CEO. Weber, 55, who has a degree in
engineering (ETH) and a degree in business administration (HSG), has
been the CEO of Fr. Sauter in Basel since 2001. With revenues of some
CHF 300 million, Sauter is one of the major players in the European
building automation market. Weber has also been a member of the Board
of Directors of Kaba Holding AG since 1998. Kaba’s current chairman
Rudolf Hauser: "The generational change at the helm was planned and
prepared with a long-term perspective. Rudolf Weber is thoroughly
acquainted with Kaba, which makes him an ideal choice. I am also
confident that the timing is right. After the General Meeting in
2006, I can pass on the chairmanship with great optimism. We have
decided to break the news early because this is in the interest of a
well-implemented and harmonious transition."
Within the scope of this transition, the current CEO Ulrich Graf
stands ready to be elected Chairman of the Board: "Continuity in its
strategic directions is of decisive significance for Kaba. As
chairman, I intend to keep the Group on a sustainable and successful
course. Long-term planning in the recruitment of talent for top
executive positions has always been a key issue for me as well; in my
view, it is the most important success factor. Particularly in top
management, I find it most appropriate to appoint candidates from
within because they know the business and can aim for success
immediately."
Ulrich Graf has held various executive positions within the Kaba
Group since 1976. In the meantime, the company has evolved from a
producer of mechanical parts (sales of the Bauer Group approx. CHF 40
million in 1975/76) to a high-tech security corporation (sales approx
CHF 1 billion, net income CHF 57 million after Swiss GAAO FER in
2003/04). Graf can entrust to the hands of his successor a globally
active, market-listed technology leader in the domains of locking
systems, access control, enterprise data collection, security doors,
automatic doors, and key cutting systems.
end of announcement                    euro adhoc 20.05.2005 00:30:00 

Further inquiry note:

Rudolf Hauser, President of Board of Directors; Tel +41 44 818 90 21
Ulrich Graf, President and CEO; Tel +41 44 818 90 21

Branche: Semiconductors & active components
ISIN: CH0011795959
WKN: 1179595
Index: SPI
Börsen: SWX Swiss Exchange / official dealing

Plus de actualités: Kaba Holding AG
Plus de actualités: Kaba Holding AG