Ronald Fehlmann to become new CEO of COMET Group

Media Release

Flamatt, Switzerland, November 10, 2010

Ronald Fehlmann to become new CEO of COMET Group

The Board of Directors of COMET Holding AG has appointed Ronald Fehlmann as new CEO of the COMET Group with effect from January 1, 2011. Hans Hess, who has managed the company as interim CEO since February 2010, will then resume the exclusive focus on his role as Chairman of the Board of COMET Holding AG.

The Board of Directors has appointed Ronald Fehlmann, aged 48, as Chief Executive Officer of the COMET Group. Ronald Fehlmann, a Swiss citizen, holds an engineering degree (Dipl. Ing.) from the Federal Institute of Technology in Zurich and a degree in economics (Betriebsökonom Lic. oec.) from the University of St. Gallen. Highlights of his career to date include management positions in sales and business development at Swiss-based Sarnafil International AG where, among other achievements, he established a joint venture in China and became regional manager for Asia. At Hilti AG in Switzerland, as senior vice-president and head of a business unit, he was responsible for the development and market success of an innovative portfolio of products new to the company. During the past five years Ronald Fehlmann was CEO of Wetrok AG in Kloten, Switzerland, a company which under his leadership embraced a rigorous focus on customer and market needs and, by offering novel solutions, grew into one of the leading vendors in the industry.

 

«We are very confident that with our adopted strategy, Ronald Fehlmann will successfully lead the COMET Group to sustained and profitable growth», comments Hans Hess, Chairman of the Board of Directors of COMET Holding AG in Flamatt, Switzerland. Ronald Fehlmann adds: «I am extremely pleased to have the opportunity from January 1, 2011 to head one of the most exciting technology firms in Switzerland. Currently I see my main job as advancing the COMET Group’s strategic development. Building on COMET’s existing excellence in technology, I will emphasize an even greater focus on markets and customer requirements than before».

 

At its Investor Day on Friday, November 19, 2010 in Flamatt, the COMET Group will provide in-depth insight into the company’s strategic opportunities in the different markets and business segments and offer medium-term guidance on results.

For further information, please contact

Hans Hess

Chairman of the Board of Directors

T +41 31 744 99 99

Hans.hess@hanesco.ch

 

Ines Najorka

Head of Corporate Communications

T +41 31 744 99 96

ines.najorka@comet.ch

 

Financial calendar for the COMET Group

New: November 19, 2010

Investor Day 2010

March 23, 2011

Publication of 2010 financial statements