DGAP-Ad hoc: Schweizer Electronic AG

DGAP-Adhoc: Schweizer Electronic AG: Temporary Change in Executive Board

Schweizer Electronic AG / Key word(s): Change of Personnel

07.10.2016 14:34

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Schramberg, October 07, 2016 - The company was informed today that due to health reasons, Dr. Maren Schweizer, Chief Executive Officer of Schweizer Electronic AG, will not be available for the company until further notice, i.e. for a longer period than originally communicated in the ad hoc-release dated April 22, 2016. Since the Deputy Chairman of the Management Board, Mr. Nicolas Schweizer is currently on sick leave, the business units which belong to the areas of responsibility of Dr. Maren Schweizer and Nicolas Schweizer are being managed on an interim basis by Marc Bunz, Member of SCHWEIZER's Executive Board.

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Information and Explanation of the Issuer to this News:

About Schweizer:

Schweizer Electronic AG stands for state-of-the-art technology and consultancy competence. SCHWEIZER's premium printed circuit boards and innovative solutions and services for automotive, solar, industry and aviation electronics address key challenges in the areas of Power Electronics, Embedding and System Cost Reduction. Its products are distinguished for their superior quality and their energy-saving and environmentally-friendly features. Together with its partners Elekonta Marek GmbH & Co. KG, Meiko Electronics Co. Ltd. and WUS Printed Circuit Co., Ltd., the company offers in its division electronics cost- and production-optimised solutions for small, medium and large series. Together with its partner Infineon Technologies AG, SCHWEIZER plans to jointly tap the chip embedding market in future.

With about 770 employees SCHWEIZER achieved sales of 115.6 million euro in Fiscal Year 2015 (ending December). The company was founded in 1849, is managed by family members and listed at the Stuttgart and Frankfurt Stock Exchanges (ticker symbol 'SCE', 'ISIN DE 000515623').

For further information please contact

Elisabeth Trik Schweizer Electronic AG Einsteinstraße 10 78713 Schramberg Phone: +49 7422 / 512 302 Fax: +49 7422 / 512 777 302 E-mail: ir@schweizer.ag Please visit our website: www.morethanPCBs.com

07.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Schweizer Electronic AG Einsteinstraße 10 78713 Schramberg Germany Phone: 07422-512-301 Fax: 07422-512-397 E-mail: ir@schweizer.ag Internet: www.schweizer.ag ISIN: DE0005156236 WKN: 515623 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------