PAYER Group - New CEO

St. Bartholomä, am 26.11.2012

Dear Partner!

This is to inform you, that Mr. Ulrich Buehlmann, CEO PAYER Group will leave PAYER to pursue other opportunities. Mr. Buehlmann played an important role in the operational and financial restructuring plan, which started in 2011 and will be fully implemented towards the end of this year.

We would like to thank him for his valuable contribution. 

The Board has decided to appoint our CFO Mr. Franz-Karl Jenny as CEO of the PAYER Group with immediate effect.

Mr. Jenny started almost 2 years ago as CFO of the PAYER Group and played a vital role in the successful transformation during this period.

We wish him together with the management team a lot of success to further strengthen PAYER as a strategic and reliable OEM partner for global brands and to ensure sustainable profit growth and serve our customers in a satisfactory manner.

With kind regards

S.L. Hui
Chairman of the Board of Directors
PAYER International Technologies GmbH
Owner of the PAYER Group