CHANGES IN SIKA GROUP MANAGEMENT

CHANGES IN SIKA GROUP MANAGEMENT

ID: 533630

(Thomson Reuters ONE) -
Sika AG /
CHANGES IN SIKA GROUP MANAGEMENT
. Processed and transmitted by Nasdaq Corporate Solutions.
The issuer is solely responsible for the content of this announcement.

The Board of Directors of Sika has decided on changes in Group Management to
align the organization with Sika's Growth Strategy and its targets 2020. The
following management changes are effective as of April 1, 2017.

Thomas Hasler, currently Chief Technology Officer, is appointed Head Industry.
The Target Market Industry serves the markets automobile and commercial vehicle
industry, automotive aftermarket, renewable energies, and facade engineering.
The new position will also include responsibility for the two global business
units Automotive and Tooling & Composites. With sales of CHF 1.2 billion in
2016, Industry is the largest Target Market of Sika. The appointment of Thomas
Hasler will strengthen the customer focus and ensure further growth of this
successful global business.

Yumi Kan, currently Head Building Systems & Industry, is appointed Head
Construction which will include the six Target Markets Concrete, Waterproofing,
Refurbishment, Sealing & Bonding, Flooring and Roofing. Combining all Target
Markets related to the construction sector under one leadership will enable Sika
to further strengthen its services for global customers and key accounts as well
as for large construction projects with cross-selling potential.

Ernesto Schuemperli, currently Head Concrete & Waterproofing, has decided to
step down from his Group Management position. Ernesto Schuemperli has more than
40 years of experience in the construction industry, especially in underground
construction, and will now take over the new position as Head Infrastructure &
Mining directly reporting to the CEO. He will also support the change to the new
organization of the Target Markets.





Frank Hoefflin, currently Technology Head Thermoplastic Systems, is appointed
Chief Technology Officer and Member of Group Management. He will succeed Thomas
Hasler. Frank Hoefflin joined Sika in the USA over 13 years ago and has worked
in both the USA and Switzerland in various R&D functions. He holds a PhD from
the University of Freiburg in Germany and is a US and German citizen.

Heinz Gisel, currently Regional Manager Asia/Pacific, has decided to step down
from his position in order to take time for a sabbatical leave. Heinz Gisel has
spent more than ten successful years in Asia/Pacific having held the positions
General Manager Singapore and Greater China before he took over the
responsibility for the regional management. He will return in the second half of
this year and assume a new position within Sika.

Mike Campion, currently Head of Area Greater China, is appointed Regional
Manager Asia/Pacific and Member of Group Management. He will succeed Heinz
Gisel. Mike Campion joined Sika in the USA over 18 years ago and has held
several management positions in the USA and China. He holds a degree in Science
from Villanova University, Pennsylvania, and is a US citizen.

Jan Jenisch, CEO: "The changes in Group Management are an important step in
driving our Growth Strategy. I am proud of Sika's excellent Executive Team and
look forward to working together with each member. I am convinced that with the
new structure and our experienced management we will achieve our strategic
targets 2020."




CONTACT
Dominik Slappnig
Corporate Communications & Investor Relations
+41 58 436 68 21
slappnig.dominik(at)ch.sika.com

SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development
and production of systems and products for bonding, sealing, damping,
reinforcing and protecting in the building sector and automotive industry. Sika
has subsidiaries in 97 countries around the world and manufactures in over 190
factories. Its more than 17,000 employees generated annual sales of CHF 5.75
billion in 2016.

The media release can be downloaded from the following link:

Media Release:
http://hugin.info/100359/R/2092469/790772.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Sika AG via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 31.03.2017 - 07:01 Uhr
Sprache: Deutsch
News-ID 533630
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