Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that Dr Dietmar Roth will assume office as a member of the Board of Directors of Meyer Burger Technology Ltd on 3 October 2011. The General Meeting of Shareholders held on 21 April 2011 had already elected Dr Dietmar Roth as a member of the Board of Directors for a term of office of three years, on the conditions precedent of Dr Roth’s resignation from the Management Board of Roth & Rau AG and the closing of the public tender offer for Roth & Rau AG by Meyer Burger Technology Ltd by 11 October 2011 at the latest.
Dr Roth stepped down from the Management Board of Roth & Rau AG on 3 October 2011, in accordance with his previously expressed intention to resign from the Board. At the same time, the Management Board of Roth & Rau AG will be strengthened by Peter Manolopoulos (Chief Operating Officer), Peter Frankfurter (Chief Financial Officer) and Peter M. Wagner, Chairman of the Board of Directors of Meyer Burger Technology Ltd, who will coordinate the Management Board of Roth & Rau AG as its interim Chairman. Thomas Hengst (Chief Sales Officer) will continue to be a member of the Management Board. Peter M. Wagner resigned from the Supervisory Board of Roth & Rau AG at the same time.
As the settlement of the public tender offer for Roth & Rau AG already became effective on 9 August 2011, both conditions precedent to the election of Dr Dietmar Roth as member of the Board of Directors of Meyer Burger Technology Ltd are now fulfilled. Dr Roth takes office as member of the Company’s Board of Directors as per the date of his resignation from the Management Board of Roth & Rau AG.
