EQS Group-Ad-hoc: HOCHDORF Holding AG / Key word(s): Change of Personnel

2015-05-01 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.
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HOCHDORF Group Press Release: Change in Senior Management

Christoph Peternell named COO of the HOCHDORF Group
Hochdorf, 1 May 2015 - Christoph Peternell is to assume the role of Chief Operations Officer (COO), managing all the HOCHDORF Group's production plants and becoming a full member of the senior management team. He assumes Dr Karl Gschwend's current responsibilities for plant management. Dr Gschwend will continue to implement strategically important projects within the group prior to his retirement.

Christoph Peternell (50) will assume the role of operations management from 1 June 2015, succeeding Dr Gschwend as part of an early handover agreement. In his role as Chief Operations Officer (COO), Mr Peternell will be responsible for all the HOCHDORF production plants and will serve as a full member of the senior management team. Mr Peternell has a degree in food engineering and many years of managerial experience as Head of Production in both domestic and international companies. He was Head of Production and a member of the extended senior management team at Molda AG (Germany) between 1994 and 2005. Mr Peternell then worked for three years at Fresh Start Bakeries, which is headquartered in California, USA, as Head of Plant Operations at its German Duisburg site. Since 2008, Mr Peternell has worked as an independent interim manager for business operations with various domestic and international companies in the food industry.
Dr Thomas Eisenring, CEO of the HOCHDORF Group: "In Christoph Peternell we have found the ideal person to take over the management of the HOCHDORF production plants. He has a proven track record in solving problems and implementing decisions. He also has the knowledge, experience and leadership skills to run an international, multi-site company."
New responsibilities for Dr Karl Gschwend
The current Managing Director of Operations Dr Karl Gschwend (62) will assume responsibility for strategically projects and remain a member of the Senior Management team in this new role. With a wealth of experience in manufacturing processes for milk powders and infant formula, he is ideally placed to develop the challenging area of whey processing, as well as the restructuring of the Prenzlau plant, Germany. The HOCHDORF Group will produce infant formula at this plant for the Latin American and European markets from mid 2016. "The Prenzlau infant formula project is extremely important for the HOCHDORF Group and I am very happy that a colleague of Karl Gschwend's stature is looking after it for us," says Thomas Eisenring.
A photograph of Christoph Peternell is on our website. End of ad hoc announcement

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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=IKDXTDKAIF Document title: Press Release Christoph Peternell

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2015-05-01 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.
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Information and Explaination of the Issuer to this News:
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales revenue of CHF 428.7 million in 2014. It is one of the leading foodstuff companies in Switzerland, employing 573 staff as of 31/12/2014. Made from natural ingredients such as milk, whey and wheat germ, HOCHDORF products have been contributing to our health and wellbeing since 1895 - from babies to senior citizens. Its customers include the food industry and the wholesale and retail sectors. Its products are sold in around 80 countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528).

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Language:    English                  
Company:     HOCHDORF Holding AG      
             Siedereistrasse 9        
             6281 Hochdorf            
             Switzerland              
Phone:       +41 41 914 65 65         
Fax:         +41 41 914 66 66         
E-mail:      hochdorf@hochdorf.com    
Internet:    www.hochdorf.com         
ISIN:        CH0024666528             
Listed:      Foreign Exchange(s) SIX  
 
 
End of News    EQS Group News-Service  
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