25.05.2016

EANS-Adhoc: FACC AG / DI Walter Stephan (CEO) was revoked from the management board with immediate effect.

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.

Management Changes/C.E.O. Interviews
25.05.2016

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(CEO) was revoked by the supervisory board as chairman of the management board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.

 

end of announcement euro adhoc

issuer: FACC AG
Fischerstraße 9
A-4910 Ried im Innkreis
phone: +43/59/616-0
FAX: +43/59/616-81000
mail: office@facc.com
WWW: www.facc.com
sector: Industrial Components
ISIN: AT00000FACC2
indexes:
stockmarkets: Regulated free trade: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/7665/aom

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 developing solutions for the mobility of the future. Every second, there is an aircraft taking off with FACC technology on board. In the fiscal year 2022, FACC achieved 607 million Euro in revenues. Approximately 3,500 people from over 45 nations are employed at 15 international locations worldwide, with around 3,000 of them based in Austria. The company is listed on the Vienna Stock Exchange. For more information please visit facc.com.