Cicor announced that Antoine Kohler is stepping down as Chairman of the Board of Directors of Cicor Technologies Ltd. when his term of office expires. In addition, Hans Knopfel will not stand for re-election for another term to the Board of Directors and will step down at the Annual General Meeting in April 2015. The Board of Directors has proposed the current Vice Chairman, Heinrich J. Essing, as the new Chairman of the Board of Directors.

All other members of the Board of Directors will stand for re-election for another term of office. In addition, the Board of Directors recommends that Erich Haefeli be elected to the Board. For many years, Erich Haefeli headed the legal and patent department of OC Oerlikon Balzers AG and was also a member of the company's Executive Management.

In addition, he served on the Board of Directors of many firms in the Oerlikon-Bührle Group. With his many years of experience in legal issues and his vast knowledge of corporate governance, M&A, contracting and risk management, Haefeli will be a valuable addition to the Board of Directors.