Lesprom Network

     Moscow. Nov 11, 2009. /Lesprom Network/. Due to the planned streamlining and realignment of the entire organizational structure of Pfleiderer AG, Dr. Robert Hopperdietzel has decided to step down from his position as an Executive Board member with effect as of November 15, 2009, as the company said in a press release received by Lesprom Network.

Dr. Hopperdietzel, who was Deputy Chairman of the Executive Board, was responsible within the Executive Board for the areas of Technology and Operations/Plants, and most recently also for Business Center Western Europe. The Supervisory Board accepted his decision in its meeting held on November 9, 2009.

Speaking on behalf of the Supervisory Board and the Executive Board, Chairman of the Supervisory Board Ernst-Herbert Pfleiderer expressed his regret about the departure of Dr. Hopperdietzel and thanked him for his successful efforts and involvement in the positioning of the Pfleiderer Group in recent years, as well as for his consistently good and loyal collaboration.

Dr. Hopperdietzel’s tasks will be performed by the other members of the Executive Board: Hans H. Overdiek, Chairman of the Executive Board (CEO), Heiko Graeve and Pawel Wyrzykowski. “We assume that the organizational restructuring will result in savings in excess of Euro10 million”, states Hans H. Overdiek.

Pfleiderer Group manufactures engineered wood, surface finished products and laminate flooring.