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Rolf Endress Chairman of the Board until 2009
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| 10/16/2003 |
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| Rolf Endress Chairman of the Board until 2009 |
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Rolf Endress appointed Chairman of the Board of CEAG AG until 2009
Bad Homburg, October 16, 2003 – At the meeting of October 15, 2003, the Supervisory Board of CEAG AG has unanimously appointed Rolf Endress Chairman of the Board for a further 5 years until September 2009.
Since 1999 Endress has been Chairman of the Board of the manufacturer of power supplies and chargers which are sold under the brand FRIWO.
Berndt-Michael Winter, Chairman of the Supervisory Board of CEAG AG: "Under the leadership of Mr. Endress CEAG has realigned strategically thanks to a radical restructuring. The company has considerably improved its competitiveness and returned to the black in 2003. CEAG is now focussing at growth and profitability. The Supervisory Board believes Rolf Endress is the guarantor for the successful continuation of this business development."
For further information please contact:
CEAG AG
Gudrun Richter
Investor Relations
Tel.: +49 – 2532 – 81 158
Mail: richter@friwo.de
CEAG AG. Germany
With the brand FRIWO and a market share of 27 per cent in 2002, the Prime Standard listed CEAG AG, holding of the FRIWO Group headquartered in Bad Homburg v. d. Hoehe, and headoffice in Ostbevern/Westfalen, Germany, is the worldwide leading supplier of chargers for mobile telephones.
Along with the chargers and power supplies for high-volume telephone and IT technology markets (FRIWO Mobile Power (FMP) individual products are manufactured for IT & communication, power tools, automation and medical technology FRIWO Power Solutions (FPS) The group's turnover amounted to 191 million EUR in the financial year 2002. With modern R&D centers, production facilities and sales locations in Europe, Asia and America, CEAG is represented on all important markets of the world. Main shareholder is DELTON AG with almost 77 per cent of the capital stock.
DELTON AG
The DELTON AG, in Bad Homburg, bundles entrepreneurial investments of its sole shareholder Stefan Quandt. As a strategic management holding DELTON leads apart of the CEAG AG (power supply) value creating entrepreneurial activities in business sectors logistics, pharmaceuticals, and household products. Thus the enterprise commits itself in clearly defined segments of future oriented growth markets, in which on a global scale a market leading position is already achieved or targeted.
The group expects a sales volume of approximately 2.5 billion EUR in 2003 with
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FRIWO