On the 8 March, the supervisory board of PFISTERER Holding AG appointed Mr. Martin Billhardt, a designated sales expert with extensive experience in turn-around situations, as Chairman of the Executive Board. Simultaneously he will be responsible for the biggest business unit PTS as well as strategic business development und coordination. The former speaker of the Executive Board, Mr. Michael Keinert, will concentrate fully on his resort finance. Since 2008 he has been Chairman of the Executive Board of market-listed PNE Wind AG. During his time at PNE Wind, the equity, which was initially virtually non-existent, was significantly increased to approximately EUR 180 million and the company's ability to pay dividends was achieved. Prior, Mr. Billhardt was Managing Director of DIECKELL asset management for many years and gained extensive experience in connection with the acquisition and sale of companies. Mr. Billhardt is a lawyer, 56 years old, married and has 5 children.