WashTec AG: New Chief Financial Officer (CFO) at WashTec
February 19, 2018 at 03:00 am EST
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DGAP-News: WashTec AG / Key word(s): Change of Personnel
WashTec AG: New Chief Financial Officer (CFO) at WashTec
19.02.2018 / 08:56
The issuer is solely responsible for the content of this announcement.
Press Release
New Chief Financial Officer (CFO) at WashTec
Augsburg, February 19, 2018 - Mr. Rainer Springs, Chief Financial Officer of WashTec AG, will leave the company by mutual consent as of February 28, 2018, when the annual financial statements 2017 have been completed. The Supervisory Board expresses its thanks to Mr. Springs for his long-term commitment to WashTec in various functions and wishes him all the best for his private and professional future.
Effective August 1, 2018, Mr. Axel Jaeger (51) will be appointed as member of the Board of Management and Chief Financial Officer (CFO). Mr. Jaeger holds a degree in business economics and is a qualified Auditor, Tax Consultant, Certified Public Accountant and Certified Internal Auditor. He has been working for Carl Zeiss Group since 2005 as member of the Management Board and CFO in the Semiconductor Technology as well as Industrial Metrology and Inhouse Banking & Treasury, most recently as member of the Management Board and CFO of the Business Group Semiconductor Manufacturing Technologies (SMT). The Supervisory Board is looking forward to a successful cooperation and wishes Mr. Jaeger success in his new function. Dr. Volker Zimmermann - CEO/CTO of WashTec AG - will in addition take over the function as CFO during the transition period from March 1, 2018 to July 31, 2018.
About WashTec:
WashTec Group with its registered office in Augsburg, Germany, is the leading provider of innovative car wash solutions worldwide. The company has more than 1,800 employees and is represented with subsidiaries in the major markets of Europe, North America and Asia/Pacific. Moreover, WashTec has an extensive network of independent marketing partners through which it is present in around 70 countries worldwide.
19.02.2018 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. Archive at www.dgap.de
Language:
English
Company:
WashTec AG
Argonstraße 7
86153 Augsburg
Germany
Phone:
+49 (0)821 55 84-0
Fax:
+49 (0)821 55 84-1135
E-mail:
washtec@washtec.de
Internet:
www.washtec.de
ISIN:
DE0007507501
WKN:
750750
Indices:
SDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
WashTec AG is a Germany-based company engaged in the provision of vehicle washing solutions. The Company and its subsidiaries focus on developing, manufacturing, selling and servicing car wash products. The Company operates through three geographical segments: Core Europe, North America, and Asia/Pacific. Its product portfolio comprises, among others, roll-over wash equipment, self-service wash equipment, commercial car wash equipment, wash tunnels,water reclaim systems and the spare parts. It also provides repair and maintenance services, including full service and call-out services, markets related products, such as detergents and care products, and provides sales financing services. The Company distributes its products in approximately 70 countries. WashTec AG is the parent company of the WashTech Group.
WASHTEC AG 
