Alfred N. Schindler hands over CEO function to Jürgen Tinggren

28.09.2011

Jürgen Tinggren is to be appointed CEO of the Schindler Group as of October 1, 2011. Alfred N. Schindler remains Chairman of the Board of Directors of Schindler Holding AG as well as Chairman of the Executive Committee of the Board of Directors. Luc Bonnard is to step down from the Executive Committee of the Board of Directors at the forthcoming Annual General Meeting of March 19, 2012; however, he remains Vice Chairman of the Board of Directors of Schindler Holding AG.

Contacts

For media:
Press Office
Tel. +41 41 445 30 60
corporate.communications@schindler.com

For investors & analysts:

Marco Knuchel
Head Investor Relations
Tel. +41 41 445 30 61
investor.relations@schindler.com

As already announced at the Annual Results press conference of February 17, 2011, Alfred N. Schindler is handing over the role of CEO and therefore the operating responsibility to Jürgen Tinggren. At its meeting of September 22/23, 2011, the Board of Directors of Schindler Holding AG appointed Jürgen Tinggren, formerly President of the Management Committee, as CEO as of October 1, 2011, thereby approving the functional handover. Alfred N. Schindler remains as before Chairman of the Board of Directors of Schindler Holding AG as well as Chairman of the Executive Committee of the Board of Directors.

Luc Bonnard, Vice Chairman of the Board of Directors of Schindler Holding AG, due to his approaching retirement, is to step down from the Executive Committee of the Board of Directors at the Annual General Meeting of March 19, 2012. However, he remains Vice Chairman of the Board of Directors.

The Board of Directors has further decided to propose the election of Dr Rudolf W. Fischer, Head Corporate Human Resources and Member of the Management Committee, to the Board of Directors, at the Annual General Meeting of March 19, 2012. Following his election, it is foreseen that Dr Rudolf W. Fischer joins the Executive Committee of the Board of Directors as the successor of Luc Bonnard.

David Clymo has, at the decision of the Board of Directors, been appointed Head Corporate Human Resources and Member of the Management Committee, as of January 1, 2012, and therefore replaces Dr Fischer, who will relinquish his office as of January 1, 2012 and therefore step down from the Management Committee.


About Schindler

Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Its innovative and environmentally-friendly access and transit-management systems make an important contribution to mobility in urban societies. In 2010, the Schindler Group generated operating revenue of more than CHF 8 billion. Schindler mobility solutions move one billion people every day all over the world. Behind the company's success are 43,000 employees in over 100 countries.