Wacker Neuson SE / Change of Personnel30.07.2010 14:39Dissemination of a Corporate News, transmitted byDGAP - a company of EquityStory AG.The issuer / publisher is solely responsible for the content of this announcement.---------------------------------------------------------------------------CEO and President of Wacker Neuson SE to leave company.(Munich, July 30, 2010) Dr. Georg Sick, CEO and President of Wacker NeusonSE, has informed the Supervisory Board that he will not be seeking to renewhis contract once it expires on July 31 of this year. At the request of theSupervisory Board, Dr. Sick has agreed to continue as CEO until the end ofthe calendar year. Dr. Sick has been a member of Group management for 15years. Following the conversion to a stock corporation (AG) in 2002, Dr.Sick was initially responsible for development and production on the Board,moving on to become CEO and President in 2005. Dr. Sick intends to pursuenew business opportunities. The company will be looking for an externalsuccessor.Dr. Sick is leaving the company as the market shows dynamic signs of arebound. The Group has returned to a growth path with high order intake,positive earnings and an equity ratio in excess of 75 percent. Dr. Sick wasresponsible for technology in the Group for many years. Under hisleadership, numerous innovative products were developed and successfullylaunched.'Under Dr. Sick's management, the Group experienced strong organic growth,flanked by successful acquisitions and culminating in the merger withNeuson Kramer AG, a move that was extremely well received by the market.The Supervisory Board regards the long-term alliance with Caterpillar,which was finalized a few weeks ago under Dr. Sick's leadership, as asignificant milestone in the company's future development. We regret Dr.Sick's decision to leave the company and have asked him to continue as CEOuntil the end of the year,' states Hans Neunteufel, Chairman of theSupervisory Board.'I am proud to have been able to serve the Group during an extremelyinteresting period of growth that was only briefly interrupted by theeconomic downturn,' Dr. Sick explains. 'In addition to tackling varioustechnology challenges, I was particularly keen to drive the company'stransition from a hidden champion to a strong capital market player whileretaining its corporate culture. Company finances are strong. We haveestablished a prime position in markets across the globe and have highlyqualified managers and staff on board. The other members of the ExecutiveBoard are committed long term to the company. So this seems to be the righttime for me to take on new challenges again.' Dr. Sick agreed to theSupervisory Board's request to extend his term of office until the end ofthe year.About Wacker NeusonWacker Neuson SE is a global manufacturer of light and compact equipment.With over 30 affiliates and more than 180 sales and service stations acrossthe globe, the company offers an exceptionally broad product portfolio.Manufacturing activities are distributed across three German, one Austrian,two American and one Philippine production sites. Almost all productsmanufactured by the company are branded Wacker Neuson. The only exceptionsto this in Europe are Kramer Allrad products and Weidemann-brandedagricultural machinery. With over 300 product categories and complementaryrental, spare parts and repair services, Wacker Neuson is the partner ofchoice among professional users in construction, gardening, landscaping andagriculture, as well as among municipal bodies and companies in theindustrial and recycling sectors.Your contact partner at Wacker Neuson:Wacker Neuson SE Katrin Neuffer Preussenstrasse 41 80809 Munich Tel. +49 - (0)89 - 354 02 - 173 katrin.neuffer@wackerneuson.com Internet: www.wackerneuson.com30.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: Wacker Neuson SE Preußenstr. 41 80809 München DeutschlandPhone: +49 - (0)89 - 354 02 - 0Fax: +49 - (0)89 - 354 02 - 390E-mail: info@wackerneuson.comInternet: www.wackerneuson.comISIN: DE000WACK012WKN: WACK01Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
