DGAP-News: Homag Group AG / Key word(s): Change of Personnel Change of CEO and on the supervisory board of Homag Group AG 27.10.2014 / 19:00 --------------------------------------------------------------------- Change of CEO and on the supervisory board of Homag Group AG - Dr. Markus Flik steps down from management board of his own volition - Dürr CFO Ralph Heuwing to become CEO - Ralf W. Dieter new chairman of supervisory board - Additional changes on the shareholders' side of the supervisory board Schopfloch, October 27, 2014. The CEO of HOMAG Group AG, Dr. Markus Flik, is stepping down from the management board of HOMAG Group AG of his own volition as of November 30, 2014, in order to take on a new professional challenge. Dr. Markus Flik on leaving the company: "The HOMAG Group is on a good path. This will continue to be the case as part of Dürr. I enjoyed working together with the colleagues in the HOMAG Group in the past three and a half years - an excellent team. My decision to step down as a member of the management board and CEO of HOMAG Group AG is a purely personal one." The supervisory board appointed Dürr CFO Ralph Heuwing as a new member of the management board with effect as of October 27, 2014. Mr. Heuwing will assume the position of CEO on December 1, 2014. On the HOMAG management board he will work closely with the current members Harald Becker-Ehmck, Jürgen Köppel and Hans-Dieter Schumacher. "There are excellent professionals working at HOMAG. The company has a strong market position and impressive products. HOMAG has great potential that we plan to exploit together with the HOMAG team," Ralph Heuwing said. Ralph Heuwing will continue his duties as CFO of Dürr AG at the same. Ralf W. Dieter, CEO of HOMAG's majority shareholder Dürr and new chairman of HOMAG Group AG's supervisory board, thanked Dr. Markus Flik for his successful work over the past few years: "Dr. Flik enhanced technology at HOMAG Group AG in the area of networked production as well as with a comprehensive platform strategy and the introduction of an innovative user interface (powerTouch). He also put HOMAG Group AG on a sustainable path to growth and improved profitability. As a result, the share price of HOMAG Group AG developed very positively during his time as CEO. We would like to thank Dr. Flik for his successful work at HOMAG Group AG and regret his decision to leave the Group. The supervisory board wishes him every sucess and all the best personally and for his future career." Following the completion of Dürr's acquisition of the majority shareholding in HOMAG Group AG, there have been corresponding changes on the shareholder side of HOMAG Group AG's supervisory board. The supervisory board members to date Torsten Grede, Hans Fahr, Dr. Horst Heidsieck, Dr. Dieter Japs and Thomas Keller have stepped down. New to HOMAG Group AG's supervisory board are Ralf W. Dieter, Stuttgart, CEO of Dürr AG, Dr. Hans Schumacher, Schönaich, CEO of Dürr Systems GmbH, Richard Bauer, Wentorf, CEO of Körber AG, Dr. Anja Schuler, Zurich, medical specialist for psychiatry and psychotherapy (FMH), and Dr. Jochen Berninghaus, Herdecke, lawyer, auditor, tax advisor, law firm Spieker & Jaeger. All five new members were appointed by court ruling of October 13, 2014 with immediate effect until the end of the next annual general meeting. At the constituent meeting on October 24, 2014, Ralf W. Dieter was elected the new chairman of the supervisory board. - - - - - - - - - - Background information With its 15 specialized production companies, 22 group sales and service companies and approximately 60 exclusive sales partners worldwide, HOMAG Group AG's position as a complete system supplier is unique. Backed by a workforce of some 5,400 employees worldwide, the Company sees itself as the leading global manufacturer of plant and machinery for the woodworking and wood materials processing industry and cabinet makers active in the production of furniture and construction elements as well as timber frame houses. The Group also offers its customers a wide range of services, including software and consulting services. HOMAG Group AG shares have been listed on the Prime Standard of the Frankfurt stock exchange since July 13, 2007. Disclaimer This press release contains certain statements relating to the future. Future-oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as "believes", "estimates", "assumes", "forecasts", "intend", "may", "will", "should" or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this announcement, it cannot be guaranteed that the same will hold true in the future. Information: HOMAG Group AG Kai Knitter Head of Corporate Communications & Investor Relations Phone: +49 7443 13-2461 [email protected] www.homag-group.com --------------------------------------------------------------------- 27.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Homag Group AG Homagstr. 3-5 72296 Schopfloch Germany Phone: +49 (0)7443 / 13 - 0 Fax: +49 (0)7443 / 13 - 2300 E-mail: [email protected] Internet: www.homag-group.com ISIN: DE0005297204 WKN: 529720 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 293583 27.10.2014