Süss MicroTec AG / Change of Personnel
06.10.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SUSS MicroTec AG: Christian Schubert Appointed as New Member of the
Management Board
Munich, Germany, October 6, 2008. SUSS MicroTec AG has appointed Christian
Schubert as a new Member of the Board. He thus succeeds Dr. Stefan
Schneidewind, who was relieved by the Supervisory Board on October 2, 2008
due to differing views regarding the future strategic orientation of the
company. Schubert brings to the table extensive experience from his
positions with companies in the fields of electrical engineering,
electronics and automotive technology. He has held managing director and
management board positions at the high-tech companies Kontron, congatec and
most recently Intica Systems. His range of competence therefore extends
from business units with 3,500 employees within a conglomerate, to
medium-sized structures with 300 employees, to experience within a dynamic
start-up company. Schuberts area of responsibility will correspond
basically to that of a COO. His main areas of responsibility will be in
Operations, Structures and Processes. Schubert will take over the
Management Board role on an interim basis. Over the medium term, the
Management Board team is to be supplemented by a Board member with a
technical background.
Christian Schubert: 'Based on indications within the industry and general
economic conditions, we must take the approach of intensifying our
operations. Considering our excellent order backlog, our job should be to
examine all of the processes within the company and make them significantly
more dynamic. The Management Board and Supervisory Board aim to navigate
SUSS MicroTec on the overall weakening market from a strong market and
technology position. By accelerating our structures and optimizing
processes today, we hope to profit to the fullest extent from a subsequent
market recovery.'
The underlying strategic orientation of the company shall be maintained, as
SUSS MicroTec aims its products toward the MEMS and advanced packaging
applications markets as well as 3D integration and compound semiconductors
(LED) the areas that presumably have the greatest growth rates in the
entire semiconductor market. The most urgent goal, however, will be to
become faster and more effective within these markets.
SUSS MicroTec AG (ISIN DE 0007226706)
About SUSS MicroTec
SUSS MicroTec listed in Deutsche Boerse AGs Prime Standard is one of the
worlds leading suppliers of process and testing solutions for markets such
as 3D Integration, Advanced Packaging, MEMS, Nanotechnology, Compound
Semiconductor and Silicon-On-Insulator. SUSS MicroTec enables its customers
to increase process performance while reducing cost of ownership and to
meet the volume requirements of fast growing markets with high quality
solutions.
SUSS MicroTec supports more than 8,000 installed mask aligners, coaters,
bonders and probe systems with a global infrastructure for applications and
service.
Headquartered in Garching near Munich, Germany, SUSS MicroTec employs more
than 730 employees worldwide.
For more information about SUSS MicroTec, please visit http://www.suss.com
Disclaimer:
All statements in this release other than historical facts are
forward-looking statements within the meaning of U.S. Private Securities
Litigation Reform Act of 1995. Words such as 'believe', 'expect', 'intend',
'anticipate', 'estimate', 'should', 'may', 'will', 'plan' and similar words
and terms used in relation to the enterprise are meant to indicate
forward-looking statements of this kind. The company accepts no obligation
toward the general public to update or correct forward-looking statements.
All forward-looking statements are subject to various risks and
uncertainties, as a result of which actual events may diverge numerically
from expectations. The forward-looking statements reflect the view at the
time they were made.
Contact:
SÜSS MicroTec AG
Investor Relations/PR
Julia Hartmann
Tel.: +49 (0)89 32007-161,
Email: julia.hartmann@suss.com
DGAP 06.10.2008
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Language: English
Issuer: Süss MicroTec AG
Schleissheimer Strasse 90
85748 Garching b. München
Deutschland
Phone: +49 (0)89 32007-161
Fax: +49 (0)89 32007-336
E-mail: ir@suss.com
Internet: www.suss.com
ISIN: DE0007226706
WKN: 722670
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: Süss MicroTec AG: Christian Schubert Appointed as New Member of the Management Board
| Source: EQS Group AG