DGAP-News: ALNO AG (PR.COCKPIT): ALNO AG supervisory board appoints new CFO

DGAP-News: ALNO AG (PR.COCKPIT): ALNO AG supervisory board appoints new CFO

ID: 34606

(firmenpresse) - DGAP-News: ALNO AG (PR.COCKPIT) / Key word(s): Change of Personnel
ALNO AG (PR.COCKPIT): ALNO AG supervisory board appoints new CFO

13.07.2011 / 19:12

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ALNO AG supervisory board appoints new CFO

- Ipek Demirtas new CFO

- Jörg Artmann leaves ALNO AG

Düsseldorf / Pfullendorf, July 13, 2011 - ALNO AG came to the unanimous
decision at today's supervisory board meeting to appoint Ipek Demirtas (42)
as the company's new CFO. Mrs. Demirtas will assume the position with
immediate effect and replace outgoing CFO Jörg Artmann, who is leaving ALNO
AG.

'Mrs. Demirtas is a brilliant manager with an impressive track record as a
commercial manager in a variety of companies, and has the full trust of our
creditor banks and major shareholders,' said Max Müller, CEO of ALNO AG. 'I
am happy and honoured that we have succeeded in securing Mrs. Demirtas for
the management board and I look forward to working with her.'

Ipek Demirtas has been head of group-wide finances at ALNO AG since January
2010. Before that, she was CFO and managing director of several
subsidiaries of Otto Group, a market-leading provider of refuse containers.
She had a high level of success in restructuring strategic business
divisions throughout her commercial career at Stinnes Group, over ten years
at PricewaterhouseCoopers and then as managing director of two mineral oil
companies.

'I have come to know ALNO very well in the last year and a half due to the
preparation and implementation of its financial restructuring measures. As
such, I know that we have the strength and ability to grow profitably once
again,' said Mrs. Demirtas. 'I am looking forward to my new role as CFO.'

About ALNO AG:
ALNO AG is one of Germany's leading kitchen manufacturers. It has four




national production facilities and also a production facility in Dubai, and
serves the German and international markets with a full range of kitchens.
The ALNO Group has four brands: the core brand Alno and also Wellmann
(classic/modern), Impuls (minimalist) and Pino (entry-level prices). ALNO
AG has around 7,000 distribution partners and is active in more than 64
countries. In fiscal year 2010 around 1,787 employees recorded revenues of
approx. EUR 467.3 million. Foreign sales accounted for 28.4% of revenues.

Note for editors:
If you would like to find out more about ALNO and its products, then please
visit our online press center at www.alno.ag. You can also find
ready-to-print images of people and products in our press center.

Legal notice:
This press release may include forward-looking statements, which are based
on the current expectations and forecasts of ALNO AG's management or its
associated companies. Various known and unknown risks, uncertainties and
other factors may lead to the actual results, financial position, or
performance of ALNO AG and its affiliated companies deviating substantially
from the estimates included herein. Neither ALNO AG nor its affiliated
companies undertake to update any such forward-looking statement and to
adjust these to future events or developments.

Contact:
CNC AG
Patricia Eschenlohr
T 0172 8106376
E Patricia.Eschenlohr(at)cnc-communications.com


End of financial news

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13.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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131979 13.07.2011

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Bereitgestellt von Benutzer: EquityStory
Datum: 13.07.2011 - 19:12 Uhr
Sprache: Deutsch
News-ID 34606
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