Board of Directors of SAF AG has consensually agreed on the replacement of the Executive Management

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Replacement of Executive Management


Tägerwilen/Switzerland, February 28, 2010. The Board of Directors of SAF Simulation, Analysis and Forecasting AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), has consensually agreed on the replacement of the Executive Management. With effect of April 1, 2010, Udo Meyzis as Chief Executive Officer, Uwe Zachmann as Chief Technology Officer and Philipp Zielke as Chief Financial Officer shall take over the management of the Company. Thus, the development as independent Company as well as the coordination with the majority shareholder will be ensured.

Since 2007 Udo Meyzis has been responsible for sales at SAF and since 2009 he has been responsible for the US location as General Manager. As CEO he will be responsible for the strategic development of the Company, Partner Management, Services, Sales, Corporate Communications and SAF U.S.A.

Uwe Zachmann will be in charge of SAF´s overall product development and will bring his long-standing experience into SAF´s product development. Since August 1993 he has been working for SAP and lastly as Vice President Development Trading Industries for the development of Supply Chain-, Merchandizing- and Multichannel solutions for retail and wholesale.

Philipp Zielke has been working for SAP since October 2003, in the very beginning as Assistant to the CFO. Later, as Director Corporate Development, he was entrusted with mergers and acquisitions which also included the friendly takeover of SAF. Besides Finance, Philipp Zielke will be responsible for Administration, Legal and Human Resources.

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About SAF AG SAF Simulation, Analysis and Forecasting AG specializes in the development of automated ordering and forecasting software for retailers and industrial manufacturers. SAF deploys the demand chain management approach, which controls replenishment planning based on consumer demand patterns. SAF software assists users to realize substantial cost savings and optimizes general logistics conditions through its simulation capabilities. As a result, significant competitive advantages are achieved along the entire value chain: lower inventories, improved product availability, and last, but not least, a higher level of customer satisfaction.

SAF AG was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard Arminger. SAF shares are listed at the official market (Prime Standard) at the Frankfurt Stock Exchange (FWB). SAP AG is major shareholder with approx. 70 percent of all outstanding shares. Today, the company employs approx. 100 people. Consolidated sales revenues for fiscal year 2008, were approx. 13.4 million EUR with consolidated profit of 2.1 million EUR according to IFRS statements. SAF´s products are distributed in many European countries as well as in the United States. The company is headquartered in Tägerwilen, Switzerland. SAF also has a subsidiary in the United States: SAF Simulation, Analysis and Forecasting U.S.A., Inc., Grapevine, Texas and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting Slovakia s.r.o. with the focus on Nearshore-Development.

Forward Looking Statements and Estimates This information contains forward looking statements based on assumptions and estimates of SAF's Management Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, risks that are mentioned in the annual report 2008. SAF does not plan to update the forward looking statements, nor does it assume the obligation to do so.

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ots Originaltext: SAF AG
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Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48

Branche: Software
ISIN:      CH0024848738
WKN:        A0JD78
Index:    Prime All Share, Technology All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: SAF AG

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