Joachim Kaufmann appointed new CEO of Feintool

Friday, 22. September 2006 07:00

The Feintool Group - a leading technology and systems provider and a
globally operating components supplier based in Lyss, Switzerland -
has announced the appointment of Joachim Kaufmann as its new CEO.

The Board of Directors of Feintool International Holding has
announced the appointment of the new Feintool Group CEO: Joachim
Kaufmann (52), an experienced manager with a long track record in the
business. "We know and value Joachim Kaufmann from the many years he
was General Manager of our former headquarters, Feintool AG Lyss,
and, after we went public, from his time as Head of European parts
production", said Board Chairman Fritz Boesch. In recent years
Kaufmann has been the successful head of the Adval Tech Group's
blanking and forming technology division (better known as
Styner+Bienz). In this position he is also a member of this Group's
management. One thing is clear for the Deputy Chairman of the
Feintool Board, Alexander von Witzleben: "Joachim Kaufmann's
appointment puts someone with an in-depth knowledge of our core
competencies at the helm of the Feintool Group, and will enable us to
continue on our current successful path." By arrangement with Adval
Tech, Kaufmann will be released early from his current position so
that he can take up his post at Feintool on 1 January 2007. Until
then the Feintool Group will continue to be managed by Heinz Loosli
and Reto Welte. The name of the new CFO will also be announced in the
next few weeks.

For further information please contact:
Urs Feitknecht, Head of Corporate Communications
Phone +41 (0)32 387 51 63

Feintool is a leading technology and systems provider in
fineblanking/forming and automation. It is also a global supplier of
metal and plastic components.

Feintool operates throughout the world at the company's own
facilities in Switzerland (head office in Lyss), Germany, France,
Italy, Great Britain, the United States, Japan, China and Thailand,
where around 1800 employees are committed to customer satisfaction.

Feintool International Holding
Industriering 8, CH-3250 Lyss
Phone +41 (0)32 387 51 11
Telefax +41 (0)32 387 57 81

Corporate Communications
Urs Feitknecht
Phone +41 (0)32 387 51 63
Telefax +41 (0)32 387 54 16
Mobile 079 204 41 13

The media release can be downloaded from the following link:

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WKN: 905428; ISIN: CH0009320091 ; Index: SPI, SPIEX, SSCI;
Listed: Main Market in SWX Swiss Exchange;
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Related Links: Feintool International Holding
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