Change of CFO for CEAG AG
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| 01/26/2006 |
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| Change of CFO for CEAG AG |
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Ostbevern, January 26, 2006
The Supervisory Board of CEAG AG has appointed Frank Gumbinger (37) as successor of the current CFO Matthias Grevener. The appointment will become effective with the annual shareholders' meeting on May 11, 2006. Matthias Grevener, who started with CEAG AG in 2002, has decided to leave the company simultaneously to pursue his career.
Frank Gumbinger is currently in charge of business development and strategy of Ergo Pharm Beteiligungsgesellschaft mbH in Baden-Baden, which is the business unit Pharmaceuticals of DELTON AG.
Today the Supervisory Board has expressly thanked Mr. Grevener for his successful work, and the gentlemen of the Supervisory Board are happy to have found an experienced successor like Mr. Gumbinger.
CEAG AG
CEAG AG is the holding company of the FRIWO Group, and has its registered office in Bad Homburg and headquarters in Ostbevern, Westphalia, Germany. CEAG is listed in the Prime Standard and, with its FRIWO brand, is the world’s leading supplier of chargers for mobile telephones. It held a market share of some 21% in 2004. The FRIWO Mobile Power (FMP) business unit operates in the mobile communication market. The FRIWO Power Solutions (FPS) business unit manufactures custom-made power supplies and chargers for the four segments of IT and communications, power tools, industrial applications and medical technology. CEAG AG/FRIWO Group is present in all major world markets, with state-of-the-art development centers, production and sales in Europe, Asia and North and South America. Consolidated revenues amounted to EUR 160 million in 2004. CEAG AG’s principal shareholder is DELTON AG, holding almost 77% of its capital.
DELTON AG
DELTON AG is a holding company headquartered in Bad Homburg, Germany. For its sole shareholder, Stefan Quandt, it runs value-creating operations in the business divisions Pharmaceuticals, Household Products, Logistics and Power Supply. DELTON is involved in clearly defined segments of high-growth markets in which it already occupies or is working towards an international leadership position.
With a workforce of more than 20,000 employees, the DELTON Group generated sales of around € 2.2 billion in fiscal 2004.
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