EANS-News: Hoeft & Wessel streamlines Group structure

Peter Claussen leaving the company

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Strategic management decisions

Subtitle: Peter Claussen leaving the company

Hannover / Germany, 4 May 2011. (euro adhoc) - The Hoeft & Wessel
Group is streamlining its Group structures. In future, CEO
Hansjoachim Oehmen and member of the Board of Management Thomas Wolf
will jointly run the technology company which is aiming for sales
revenues of over EUR 96 million for the year 2011. Peter Claussen
will be leaving the company once his contract expires in the middle
of the year. The streamlining of the Group´s hierarchical structures
results in a new, cross-divisional allocation of responsibilities for
the downsized Board of Management and for second-tier management. It
also leads to even closer cooperation between the two main locations
of Hannover, Germany, and Swindon, UK. The resultant synergies are
expected to contribute to a further improvement in the operating
result.

"In the past 15 years, Mr Claussen has contributed a great deal to
the expansion and internationalisation of business at Hoeft & Wessel
AG. On behalf of the Supervisory Board and the entire company, I
would like to thank Mr. Claussen for his contributions and wish him
all the best and every success for the future," said Prof. Dr.
Dr.-Ing. Dr. h.c. Klaus E. Goehrmann, Chairman of the Supervisory
Board of Hoeft & Wessel AG.

Press kit with photos of the members of the Board of Management:
http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

The Company The Hoeft & Wessel Group is the leading IT and
engineering technology Group for ticketing, parking and mobile
solutions in Germany and Great Britain. Established in 1978 by the
two entrepreneurs who gave the company its name and listed on the
stock market since 1998 (ISIN DE0006011000), the enterprise has
developed into a group of companies with sales revenues of nearly EUR
100 million and a workforce of 500 employees. Its main locations are
Hannover, Germany, and Swindon, UK, to the west of London.

end of announcement euro adhoc
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ots Originaltext: Höft & Wessel AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade