Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Changes on the Management Board of Miba AG as of July 1, 2013

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Management Changes/Generation change on and reduction in the size of the
Management Board

A D H O C     N E W S

Changes on the Management Board of Miba AG as of July 1, 2013

Laakirchen, January 24, 2013. At its meeting today, the Supervisory Board of
Miba AG approved the following changes to the Management Board of Miba AG,
strategic partner to the international engine and automotive industry and
listed in the standard market auction segment of Wiener Börse AG:

Effective July 1, 2013, Chairman of the Management Board Peter Mitterbauer (70)
will resign from the Management Board of Miba AG and he will pass on the
chairmanship to his son, F. Peter Mitterbauer (37).

F. Peter Mitterbauer studied engineering economics and mechanical engineering
at the Vienna University of Technology and graduated from the MBA program at
the Business School Insead. After gathering five years of solid experience at
other international companies, he joined Miba in 2006. Subsequent to the
ensuing one-year deployment at the Miba site in China (Suzhou) and serving as
Managing Director Sales & Marketing for three years in the Friction Group, he
held responsibility on the Management Board for the friction business since
2011 as CEO of the Friction Group.

Likewise effective July 1, 2013, Markus Hofer (41), Vice President Corporate
Finance since October 2011, will be appointed Chief Financial Officer. On the
Management Board of Miba AG, he will assume full responsibility for Corporate
Finance, IT, Business Excellence, and the Internal Control System.

Board Member Norbert Schrüfer will depart from the Management Board of Miba AG
when his contract expires on January 31, 2013, concurrently with the planned
size reduction of this corporate body. He remains CEO of the New Technologies
Group and will serve as Vice President Innovation & Technology, consistently
driving the innovative technological development of the Miba Group.

Management Board of Miba AG, as of July 1, 2013:

 - F. Peter Mitterbauer: Chairman of the Management Board, responsible for the
   New Technologies Group and Strategy; Human Capital; Controlling; Technology &
Innovation; Communications

 - Wolfgang Litzlbauer: Vice Chairman, responsible for the Bearing, Friction and
Coating Groups; Purchasing

 - Harald Neubert: responsible for the Sinter Group; Quality

 - Markus Hofer: Chief Financial Officer responsible for Corporate Finance; IT;
Business Excellence; Internal Control System.

end of ad-hoc-announcement
About the Miba Group
The listed Miba AG (WKN 872002) is one of Austria's leading industry and
technology corporations. Established in Laakirchen, Upper Austria, in 1927,
today this high-tech Group engineers and produces at more than 20 sites in
eleven countries.
Miba products can be found in cars, trucks, construction equipment, trains,
ships, airplanes, and power plants of each of the world's leading manufacturers.
The company specializes in bearings, friction materials, sintered components,
and coatings. In addition, Miba manufactures passive electronic components, such
as resistors and cooling systems that are needed for energy transmission
systems, among other uses. Furthermore, the company engineers and produces
specialized equipment for high-precision mechanical processing of major
Miba has more than 4,000 employees, half of which are based in Austria. In the
2011-2012 business year, net income equaled EUR 592.6 million, with earnings
before interest and taxes (EBIT) of EUR 67.0 million.

Further inquiry note:
Head of Corporate Communications and Marketing Services
T: +43/7613/2541-1123
M: +43/664/88455765
mailto: filip.miermans@miba.com

MMag. Markus Hofer
Vice President Corporate Finance
Tel.: +43/7613/2541-1138

end of announcement                               euro adhoc 

issuer:      Miba Aktiengesellschaft
             Dr.Mitterbauer-Straße 3
             A-4663 Laakirchen
phone:       07613/2541-0
FAX:         07613/2541-1010
mail:     info@miba.com
WWW:      www.miba.com
sector:      Industrial Components
ISIN:        AT0000734835
indexes:     Standard Market Auction
stockmarkets: official market: Wien 
language:   English

Weitere Meldungen: Miba Aktiengesellschaft

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