Neumarkt, October 17, 2011 – In the context of restructuring and realigning the entire organizational structure of Pfleiderer AG (ISIN DE 0006764749), the company is reducing the number of Executive Board positions. The contract of service of Mr. Pawel Wyrzykowski has been terminated by mutual consent as of October 17, 2011. Mr. Wyrzykowski was in charge of Business Center Eastern Europe, Panels North America and Business Center Flooring Europe. Mr. Wyrzykowski will continue to serve the company in an advisory function.

The contract of service of Mr. Heiko Graeve, who held Executive Board responsibility as CFO, will also be terminated by mutual consent as of October 17, 2011.

The Supervisory Board thanks Mr. Wyrzykowski and Mr. Graeve for their commitment and involvement in the orientation of the Pfleiderer Group in recent years, and for their constantly good and loyal work.

The tasks of Mr. Wyrzykowski and Mr. Graeve will be performed by the other members of the Executive Board, Mr. Hans H. Overdiek (Chairman) and Mr. Hans-Joachim Ziems.

Contact person:
Media:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Phone: + 49 (0) 54 04 - 9192-0
Fax: + 49 (0) 54 04 - 9192-29
E-Mail: office@elsner-kommunikation.de