Personnel changes within the Heinzel Group

 Alfred Heinzel withdrawing from his current position as the Heinzel Holding CEO, and the current Management Board spokesperson of the group’s Zellstoff Pöls AG, Kurt Maier, assuming this function at the next AGM on 31 March 2016 will result in further personnel changes within the Heinzel Group.

Subject to final approval by the company’s Supervisory Board, as from 1 April 2016 the Zellstoff Pöls AG Management Board will be comprised as follows:

–  Andreas Vogel, formerly the Laakirchen Papier AG Production Manager, will act as both the company’s CTO and CEO, and the Board spokesperson

–  Ingrid Gruber, Finance Manager in Pöls, will become the company CFO

–  Gunther Sames will retain his responsibilities for pulp sales and safety until he leaves the company by mutual consent in 2017

Alfred Heinzel, the Heinzel Holding GmbH CEO: “We wish the new management team every success.”