25.05.2016

DI Walter Stephan (CEO) was revoked from the management board with immediate effect

Adhoc: Change to the management board of FACC AG

In the supervisory board meeting, held on May 24, 2016, Mr. Walter Stephan (CEO) was revoked by the supervisory board as chairman of the management board of FACC AG with immediate effect for important reason. The supervisory board came to the conclusion, that Mr. Walter Stephan has severely violated his duties, in particular in relation to the "Fake President Incident".

Mr. Robert Machtlinger was appointed as interim CEO of FACC AG.

Further inquiry note:
Manuel Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail: m.taverne@facc.com

Contact

Andreas Perotti
Director Marketing & Communications
Tel.: +43/59/616-1142
Cell: +43/664/ 80 119 1142
E-Mail: a.perotti@facc.com

About FACC

FACC is a worldwide leading aerospace company in design, development and production of aerospace technologies and advanced aircraft lightweight systems. Being the technology partner of all major manufacturers, FACC works together with its customers on solutions for the aviation industry as well as on applications for passenger and logistics drones. Every second, there is an aircraft taking off with FACC technology on board. In the fiscal year 2024, FACC achieved EUR 884,5 million in revenues. More than 3,800 people from +50 nations are employed at 15 international locations worldwide. The company is listed on the Vienna Stock Exchange.