A-TEC Industries AG

euro adhoc: A-TEC Industries AG
A-TEC Industries appoints Christian Schrötter as Chief Financial Officer

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Company Information


Vienna, 13 November 2007 - A-TEC Industries AG (ISIN AT00000ATEC9) has appointed Christian Schrötter, at present CFO of ATB Austria Antriebstechnik AG, as Chief Financial Officer of A-TEC Industries Group with effect from 1 January 2008. Mr. Schrötter will continue to act as ATB Group´s CFO until a suitable successor can be appointed.

"The rate at which we are growing, and the increasing number of subsidiaries involved, has meant that we have been looking for an experienced board-level financial officer for the whole A-TEC Group. Christian Schrötter is a manager from our own ranks with outstanding experience, and I am very pleased that he has accepted the position. Part of his job will be to strengthen strategic financial planning at the holding company level," explains Christian Schmidt, A-TEC Industries AG´s Chief Operating Officer.

Christian Schrötter, 44, studied business informatics and has an international MBA. His first job was as an auditor with Price Waterhouse in Vienna. While working there, he was seconded to Miami in the USA, and was subsequently employed by US company Alamo. In 2001 he moved to mobile telephone operator ONE as Chief Financial Officer. From July 2005 he worked for Siemens Elin Group, where as chief financial officer he was responsible for holding company functions and restructuring activities. He has been CFO of ATB Group since April 2007.

About A-TEC Industries Vienna Stock Exchange listed A-TEC Industries AG is an international industrial group headquartered in Vienna, with flourishing Drive Technologies, Plant Construction, Mechanical Engineering and Metals Industry divisions. The group currently employs around 13,500 people, and in 2006 posted revenue of EUR 1.6 billion.

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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Gerald Wechselauer
Head of Investor Relations

A-TEC Industries AG
Wächtergasse 1, A-1010 Vienna, Austria
Tel: +43 (1) 22760 130
Mobile: +43 (0) 664 6104475
E-mail: gerald.wechselauer@a-tecindustries.com

Branche: Holding companies
ISIN:      AT00000ATEC9
Index:    ATX Prime
Börsen:  Wiener Börse AG / Regulated free trade

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