As part of the planned succession and after the completed introduction phase of Tim Talaat, Thomas Lozser decided to resign from his Group Management position as CEO of the Coatings Division of Looser Holding as of
March 31st 2010. He will focus on other career opportunities outside the Looser Group as well as on his function as a member of the board of directors of Looser Holding AG.
The position of CEO of the Coatings Division will not be replaced for the time being. Tim Talaat, CEO of Looser Holding AG, will increasingly take on operating leadership tasks and will lead the Coatings Division directly in the future permitting a more direct leadership structure. Furthermore, the separation between non-executive and executive leadership will allow Looser Holding AG to further enhance its corporate governance.
Coatings stronger
Thomas Lozser was CEO of the Coatings Division and member of the group management since September 2005. „Thomas Lozser has significantly influenced the internationalization of the group, the im-provement of the results and the focusing of the individual companies within the Coatings Division. We thank him for his efforts and we are happy that with his large know-how he will remain as a member of our board of directors“, said Tim Talaat, CEO of Looser Holding.
Rudolf Huber, Chairman of the Board of Directors of Looser Holding AG added: „We thank Thomas Lozser for his successful leadership of the Coatings Division and are looking forward to the continuation of the positive cooperation in the Board of Directors.”
About Looser Holding AG
Looser Holding AG is an international industrial holding company headquartered in Arbon, Switzerland. The corporate Group is active in the Coatings, Industrial Services, Temperature Control and Doors sectors. Around 1,600 employees work for the Group in 22 operational facilities in Europe, Asia and the U.S.A. Looser Holding AG’s registered shares are listed on the SIX Swiss Exchange.
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Finance agenda |
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12 November 2009 |
2009 Q3 results press release |
February 2010 |
Fiscal year 2009 revenues press release |
| 31 March 2010 |
Media and analysts conference |
| 30 April 2010 |
Annual general meeting |
To the editorial office:
Text and pictures available for downloading at:
www.looserholding.com/medien
For further information please contact:
Tim Talaat, CEO, Chairman of the Group Executive Board
Christoph Fierz, CFO
Telephone: +41 (0) 71 447 20 80
Fax: +41 (0) 71 447 20 81
E-mail: info@looserholding.com
Internet: www.looserholding.com