Press Release Executive Board
29.11.2002|Director of DECKEL MAHO Pfronten Appointed to Executive Board

GILDEMEISTER to Expand Executive Team ​​​​​​​

Bielefeld. At its meeting yesterday, the Supervisory Board of GILDEMEISTER Aktiengesellschaft appointed Michael Welt, who holds a master’s degree in business administration, to the Executive Board as of January 1, 2003. The 47-year-old has worked for GILDEMEISTER as a commercial director at DECKEL MAHO in Pfronten for six years. He will take over the organisational units Controlling, Purchasing and Information Technologies.

Dr.-Ing. Raimund Klinkner, Doctor of Engineering Science, was appointed Deputy Chairman of the Executive Board as of January 1, 2003.

GILDEMEISTER Aktiengesellschaft
The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.