Schweizer Electronic AG, DE0005156236

Schweizer Electronic AG, DE0005156236

09.10.2018 - 12:32:47

Schweizer Electronic AG: Dr. Rolf Merte joins SCHWEIZER as Chief Executive Officer

Dr. Rolf Merte joins SCHWEIZER as Chief Executive Officer

Schramberg, October 09, 2018 - The Board of Schweizer Electronic AG once again consists of three members. SCHWEIZER's Supervisory Board appointed Dr. Rolf Merte as a member of the company's Executive Board for the period of five years and designated him as its new Chairman with effect from October 8, 2018.

Born in Marburg but for longer than a decade deeply rooted in the Black-Forest, Rolf Merte already looks back on a long-standing international career in research as well as in industry, where he had held top management positions at global market leaders from the technology sector. After studying theoretical electrical engineering at the Technical University of Berlin, he initially dedicated himself to research for instance at the CERN in the canton of Geneva/Switzerland, in Stanford/USA and in Berlin, where he received a doctoral degree in the year 2000. Following his research activities, his industrial career with globally operating technology companies started in the research centre of ABB AG, Heidelberg and lead him through various senior management positions, such as Product Group Manager at BERU AG, today BorgWarner, Vice President at Hüttinger Elektronik GmbH & CoKG, Freiburg, today Trumpf-Hüttinger, as well as Executive Vice President at SMA Solar Technology AG. As Member of the Board of Testo SE & Co KGaA, he had most recently held responsible for the company's technology and supply chain areas. Furthermore, he gained extensive experiences as Managing Director of various European and Asian group subsidiaries.

In view of the huge investment in China and the forthcoming market introduction of the embedding technology, Dr. Merte will make a significant contribution to the successful implementation of SCHWEIZER's company strategy, and together with his board colleagues Nicolas Schweizer and Marc Bunz he will drive forward the company's internationalisation and the path of growth. "Dr. Merte has an excellent international network of contacts and an above-average mix of industry sector experiences, which is of utmost importance for SCHWEIZER's diversified business fields," says Michael Kowalski, Chairman of the Supervisory Board of Schweizer Electronic AG. And he continues, "Thanks to his long-standing experience in our target markets, precisely the automotive supply industry and the electrical energy conversion and storage, he has comprehensive application knowledge and understands the requirements of SCHWEIZER's present and particularly the future customers. Besides his technological expertise in the fields of power electronics, high frequency and high temperature electronics, his competencies in international organisational development and his experiences in the Asian market, of course, are essential for the implementation of our growth strategy and beyond. He is a perfect fit for the job and for SCHWEIZER. The Supervisory Board and myself, as well as the Executive Board, are very happy for having been able to recruit him".

Dr. Rolf Merte, Chief Executive Officer of Schweizer Electronic AG looks forward to his new professional challenge. "It is with pleasure that I assume this responsible position at Schweizer Electronic AG. From the customer's perspective, SCHWEIZER has been known to me as innovative and likeable high technology company for many years, and I look forward to this change of sides and the cooperation with the entire team on the one hand as well as to laying down the right tracks together with my colleagues from the Executive Board on the other hand, in order to make this company, which has been successful for 169 years already, sustainably fit for the future and ensure that its success story will continue in a consistent and goal-oriented way".

About Schweizer

Schweizer Electronic AG stands for state-of-the-art technology and consultancy competence. SCHWEIZER's premium printed circuit boards and innovative solutions and services for automotive, solar, industry and avia- tion electronics address key challenges in the areas of Power Electronics, Embedding and System Cost Re- duction. Its products are distinguished for their superior quality and their energy-saving and environmentally- friendly features. Together with its partners WUS Printed Circuit (Kunshan) Co., Ltd., Meiko Electronics Co. Ltd. and Elekonta Marek GmbH & Co. KG the company offers in its division electronics cost- and production- optimised solutions for small, medium and large series. Together with its partner Infineon Technologies AG, SCHWEIZER plans to jointly tap the chip embedding market in future.

With 797 employees SCHWEIZER achieved sales of 120.9 million euro in Fiscal Year 2017 (ending December). The company was founded by Christoph Schweizer in 1849 and is listed at the Stuttgart and Frankfurt Stock Exchanges (ticker symbol "SCE", "ISIN DE 000515623"). For further information please contact:

Christina Blake Phone: +49 7422 / 512-213 Schweizer Electronic AG Fax: +49 7422 / 512-777-213 Einsteinstraße 10 E-mail: communications@schweizer.ag 78713 Schramberg Please visit our website: www.morethanPCBs.com

09.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Schweizer Electronic AG Einsteinstraße 10 78713 Schramberg

Germany Phone: 07422-512-301 Fax: 07422-512-397 E-mail: ir@schweizer.ag Internet: www.schweizer.ag ISIN: DE0005156236 WKN: 515623 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Tradegate Exchange   End of News DGAP News Service

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