HWA AG: Changes in Management Board
Affalterbach, 3 February 2010 – Hans-Jürgen Mattheis, Chairman of the HWA AG Management Board, has for health reasons requested the Company’s Supervisory Board not to extend his appointment, which expires in March this year. The Supervisory Board has regretfully complied with his request. Hans-Jürgen Mattheis relinquishes his role as Management Board member and spokesman with effect from 3 March 2010.
The Supervisory Board takes this opportunity to thank Mr. Mattheis for all his efforts and dedication over the years. Hans-Jürgen Mattheis has worked for HWA AG since 1999, when the Company was formed. He was appointed Managing Director in 2007, and Management Board spokesman six years later. During the 10 years prior to that, he was responsible for motor sport activities at AMG Motorenbau- und Entwicklungsgesellschaft mbH, before that company’s motor racing business and parts of the vehicles and vehicles components divisions were spun off to form HWA AG. Hans-Jürgen Mattheis can look back on 20 years of involvement in motor racing activities with AMG and HWA AG. During his time as Management Board spokesman, Mr. Mattheis was responsible for the Company’s successful stock exchange flotation.
Until further notice, Mr. Mattheis’ responsibilities will be transferred to Gerhard Unger, who has managed the Company’s affairs jointly with Mr. Mattheis up until now. Mr. Unger, who has hitherto been responsible for technical matters, will now be the sole Management Board Director.
Contact:
Investor Relations
HWA AG
Benzstraße 8
71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
ir@hwaag.com
www.hwaag.com
Company profile HWA AG:
HWA AG was founded in 1999 as a spin-off from AMG, which was established in 1967 by Hans Werner Aufrecht as the Mercedes Benz customisation specialist. Towards the end of 1998 Aufrecht sold a majority interest in AMG Motorenbau- und Entwicklungsgesellschaft mbH, as it then was, to Daimler AG. In the course of the disposal, motor racing, what is today the AMG-Mercedes team in the German Touring Car Championship (DTM) and parts of the vehicles and components business was spun off and transferred to HWA AG. In the motor racing business, HWA AG acts as a full service provider to Daimler AG Motorsport in the DTM. It is responsible for the whole process of development and construction of the racing cars, including the motors, together with all other activities involved in the racing team’s operations. In its vehicles and components business, it develops and builds cars and vehicle components for the automobile industry. Since 2003 HWA AG has been producing and servicing racing engines for the Formula 3 Euroseries and the British Formula 3 Series.
Disclaimer:
This information represents neither an offer to sell, nor a request to purchase securities of HWA AG. The information contained in this press release is meant exclusively for people having their domicile and place of residence in Germany. Securities of HWA AG were not and will not be registered under the U.S. Securities Act of 1933, in the currently valid version, and may neither be offered nor sold in the United States of America. The information contained in this press release may not be distributed to or within the United States of America, and not be passed on to "U.S. persons", as defined in regulation S of the U.S. Securities Act of 1933, in the currently valid version.
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