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Abonner Precious Woods Holding Ltd.

Precious Woods Holding Ltd.

EANS-Adhoc: Precious Woods Holding Ltd./The Board of Directors has nominated its President Ernst A. Brugger additionally Delegate of the Board of Directors and acting CEO of the Precious Woods Group.

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
Company Information
02.11.2009
The Board of Directors has nominated its President Ernst A. Brugger 
as per November 1, 2009 additionally Delegate of the Board of 
Directors and acting Chief Executive Officer of the Precious Woods 
Group. This leaves all strategic and operational decisions in one 
hand.
The efforts to implement the decisions approved by the Board of 
Directors for the company´s reorganisation and measures to cut costs 
in the current difficult economic conditions call for efficient and 
rapid execution. The Board of Directors is convinced that Ernst A. 
Brugger is the ideal candidate to implement the measures required to 
improve the operational results in the short run and to further 
develop the company´s highly regarded social and ecological 
responsibility.
Andreas Heusler, CEO of the Group since 1.1.2006 stepped down from 
his position at the end of October and will leave the company in due 
course. The Board of Directors thanks him for his contribution and 
wishes him all the best for his future. For a certain period of time 
Andreas Heusler will continue to be available for special projects 
and assignments. The search for a new CEO has been initiated.
The company will inform within the next weeks about further 
operational measures as well as the future strategic direction of 
Precious Woods.
Agenda: Precious Woods will hold an Investor event on December 2, 
2009, 16.00 h, in Zurich. Topic: The future of tropical forests, 
their economical and ecological importance related to the United 
Nations Climate Change Conference in Copenhagen in December 2009.
end of ad-hoc-announcement ==========================================
====================================== Precious Woods is one of the 
leading companies in the area of sustainable management and use of 
tropical forests. The company's core activities include reforestation
and sustainable management of tropical forests, timber processing and
the trading of FSC-certified timber products. The generation of 
emission rights and electricity from recovery wood represent further 
integral elements of the company’s business. The shares of Precious 
Woods Holding have been traded on the SWX Swiss Exchange since March 
2002. Further information about Precious Woods is available at 
www.preciouswoods.com.

Further inquiry note:

Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.: +41 44 245 81 20
E-Mail: media@preciouswoods.com

Branche: Forestry & Timber
ISIN: CH0013283368
WKN: 982280
Index: SPI
Börsen: SIX Swiss Exchange / official dealing

Plus de actualités: Precious Woods Holding Ltd.
Plus de actualités: Precious Woods Holding Ltd.