The Supervisory Board of Funkwerk AG appointed Kerstin Schreiber to the executive board with immediate effect. The financial expert will join the company's current sole director, Dr.-Ing. Manfred Lerch, who has been on the board since 1 November 2012.

She will be in charge primarily of financial aspects in the ongoing restructuring process, which aims to set the company on a more stable basis including greater efficiency and improved earning power. Kerstin Schreiber has been with Funkwerk AG for the past 15 years and in this time has been actively involved in process control throughout the group.