Fritz Mumenthaler to take over as new Ascom CEO on 1 April 2011
The Board of Directors of Ascom Holding AG has appointed Fritz Mumenthaler as the new CEO of the Ascom Group. On 1 April 2011, he will succeed Riet Cadonau who will take over as CEO of the Kaba Group on 1 July 2011. Fritz Mumenthaler has served as Deputy CEO since 2007; he has an excellent track record with strong international experience and a strongly dedicated customer focus.
Fritz Mumenthaler (52) has been serving as General Manager of the Wireless Solutions division since 2005 and also as Deputy CEO of the Ascom Group since 2007. Prior to that he held various management positions at Siemens Building Technologies and Landis & Gyr. He earned a degree in business administration at the Universities of Berne and Neuchâtel (lic. rer. pol.) and also obtained an MBA from INSEAD in Fontainebleau near Paris.
Fritz Mumenthaler will continue to act as General Manager of the Division Wireless Solutions until a successor has been appointed.
Juhani Anttila, Chairman of the Board of Directors of Ascom Holding AG: "The Board of Directors is delighted about the appointment of Fritz Mumenthaler, a strong personality with a wealth of international experience and solid knowledge of the industry, as Ascom's new CEO. Fritz Mumenthaler has successfully headed up the Group's largest division since 2005, has an excellent track record and, thanks to his strong customer focus, will provide the momentum needed to implement Ascom's new growth and profitability targets in the years ahead. At the same time the Board of Directors would like to congratulate Riet Cadonau on his appointment as CEO of the Kaba Group and thank him already today for his successful work as CEO of Ascom."
This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).