Parsytec AG

Parsytec plans to appoint Dr. Michael Becker as CFO

Dr. Bleimann-Gather is due to become a new member of the Supervisory Board

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professional career

Aachen (euro adhoc) - Aachen (Germany) - 21 May 2007. Parsytec AG - the world's leading supplier of surface and web inspection systems for strip products - plans to appoint a Chief Financial Officer (CFO) and to make a change in the Supervisory Board.

Following the Annual General Meeting in the coming week, Dr. Michael Becker (48) is due to be appointed as CFO. Dr. Becker has already worked for Parsytec; between 2003 and 2004 he was employed as Head of Finance. The CFO position was not occupied at last.

Dr. Becker is currently a member of the Supervisory Board of Parsytec AG and was to be confirmed in office at the Annual General Meeting on 23 May 2007. Since he is now to assume operational responsibility as an Executive Board member, he is no longer available as a member of the Supervisory Board.

"I am extremely pleased that we have convinced Dr. Becker to lead the Finance department because he is highly qualified and has known the company for many years", said Parsytec´s CEO, Christoph Rau, welcoming the decision. "We have thus refilled a key position in the Company. I can now focus more strongly on operational corporate management, strategy and sales and marketing."

Instead of Dr. Becker, the management will propose Dr. Guenter Bleimann-Gather to the Annual General Meeting. The mathematician with a doctorate is the owner and CEO of TEMA Technologie Marketing AG, Aachen, Germany, and worked for Parsytec from 1990 to 1993 in managerial positions. Rolf Geisen and Siegfried Hoffmann are still candidates for the election to the Supervisory Board as originally planned.

Parsytec AG is the world's largest vendor of surface inspection systems: today, all of the top 10 steel producers and 15 of the top 20 paper producers apply Parsytec products. With more than 400 installations worldwide, espresso by Parsytec is the most advanced surface inspection system providing Parsytec customers with reliable and comprehensive information about the relevant surface defects at all production steps. The innovative software platform parsytec 5i enables customers to easily create individual surface quality yield management applications and integrates surface quality data with process data. Parsytec is headquartered in Aachen, Germany, and maintains subsidiaries in North America, Korea and China.

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Branche: Software
ISIN:      DE000A0JQ4J9
WKN:        A0JQ4J
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