Press Release: Schweiter Technologies announces Board nominees and new CFO

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   November 01, 2013 13:01 ET (17:01 GMT)- - 01 01 PM EDT 11-01-13

-2 of 2- 01 Nov 2013 17:01:00 UTC  Press Release: Schweiter Technologies announces Board nominees and new CFO

Schweiter Technologies / Schweiter Technologies announces Board nominees and new CFO . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Horgen, November 1, 2013 - The Board of Directors of Schweiter Technologies AG will be proposing to the Annual General Meeting on May 7, 2014 that Ms Vanessa Frey and Mr Jan Jenisch be elected to the Board of Directors. As announced, Beat Frey will not be standing for a further term of office on grounds of age. Furthermore, the Board of Directors has named Martin Klöti new Chief Financial Officer (CFO) effective January 1, 2014.

Vanessa Frey (born 1980) is a Swiss national. She studied economics and law at the University of St. Gallen and holds a Master of Science degree in International Economics and Business from the Stockholm School of Economics, Sweden. From 2004 to 2006 she worked in the Corporate Finance team at Handelsbanken Capital Markets in Stockholm, Sweden, and subsequently as an asset manager in Hong Kong. Since 2007 she has been CEO and a member of the Board of Directors of Corisol Holding AG and a member of the Board of Directors of Inficon Holding AG, Garaventa Lift and KWE Beteiligungen AG.

Jan Jenisch (born 1966) is a German national. He studied in Switzerland and the USA and holds an MBA from the University of Fribourg (Switzerland). Since 1996 he has held various management positions within the Sika Group, joining the company's Group Management in 2004. He has been CEO of the Sika Group since 2012. He has in-depth expertise in the area of composite materials and extensive international work experience. Consequently, he is an ideal addition to the Board of Directors, in particular with regard to the development of our composites business.

Election of the proposed nominees will bring the total number of Board members back to five.

The new Chief Financial Officer, Martin Klöti (born 1973), is a Swiss national. He is a chartered accountant and federally certified fiduciary. Having begun his career in the trustee sector, he worked from 1996 to 2002 in auditing at Deloitte AG. He has been with Schweiter Technologies since 2003, currently as Head of Management Services and CFO of the SSM Textile Machinery division. Martin Klöti joined the Group Management in 2010.

For further information:

Martin Klöti, Head of Management Services

Tel. +41 44 718 33 03, fax +41 44 718 34 51, martin.kloeti@schweiter.com

Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland

Tel. +41 44 718 33 03 Fax +41 44 718 34 51 info@schweiter.com

www.schweiter.com

Please find the Media release in the PDF attached:

Media release (PDF): http://hugin.info/100347/R/1740000/584145.pdf

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information contained therein.

Source: Schweiter Technologies via Thomson Reuters ONE

HUG#1740000

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Schweiter Technologies

Neugasse 10 Horgen Switzerland

ISIN: CH0010754924;

http://www.schweiter.com (END) Dow Jones Newswires

   November 01, 2013 13:01 ET (17:01 GMT)- - 01 01 PM EDT 11-01-13