Changes to the Board of Endress+Hauser

Changes to the top management of the Endress+Hauser Group: Dr Luc Schultheiss (49) is moving to the Executive Board from 1 January 2012 as the new Chief Financial Officer. His predecessor, Fernando Fuenzalida (68), is transferring to the Group's Supervisory Board after 13 years as CFO.

Luc Schultheiss joined Endress+Hauser Flowtec – the Group's competence center for flow measurement technology in Reinach, Switzerland – as Director of Controlling in 1999. As Chief Financial Officer (CFO) of Endress+Hauser AG he will now take on new tasks for the whole of the group of companies. He sees a particular challenge in the handling of currency exchange risks: "The volatility of the markets with regard to the economic situation and exchange rates will intensify further," Luc Schultheiss is convinced. Klaus Endress, CEO of the Endress+Hauser group, expects a smooth transition for this internal succession.

After 13 years as CFO, Fernando Fuenzalida is moving to the Supervisory Board of Endress+ Hauser AG, which is expanding from six to seven members. "We are happy that Mr Fuenzalida will continue to incorporate his knowledge and experience," emphasizes CEO Klaus Endress. He appreciates Fernando Fuenzalida's work, which has been instrumental in ensuring that Endress+ Hauser operates on a sound basis and increases equity capital even in difficult years.

The new Director of Controlling of Endress+Hauser Flowtec will be Marcel Ziltener (born 1969), who will join the company as of 1 October 2011. He holds a licentiate (Master's degree) from the University of St Gallen in business administration and a financial auditor diploma.