Changes in the RHI Management Board (ad hoc)

06. June 2007

At an extraordinary meeting, the RHI Supervisory Board decided on the following changes in the RHI Board of Management today:

The contract with Dr. Eduard Zehetner will be terminated with mutual consent as of today.
Dr. Zehetner will also resign his Supervisory Board functions in various RHI Group companies.

Dr. Stefano Colombo will be called to the Management Board in the function of CFO as of 6 June 2007 and will also act as Deputy Chairman of the Management Board.  

Rudolf Payer will also be appointed new member of the Management Board as of 6 June 2007. Mr. Payer will be responsible for the areas accounting, taxes and IT in the future.