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New Chairman of the Board

Division : Corporate

Our Chairman, Dr. Ernst Thomke, has stepped down from the Board of Directors effective of the annual meeting held on April 19, 2004. During this meeting, the Board of Directors appointed Mr Martin Bisang as the new Chairman of the Board. Mr Bisang was one of the four private investors who acquired the majority of Metalor shares in 1998 from UBS. In addition, for the last twelve years, he has built up the Bellevue Group, a small highly specialized bank based in Zurich, concentrating on brokerage for Swiss equities. Mr Bisang studied Economics in Basel and has an MBA from Harvard Business School.

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