EANS-Adhoc: ATB Austria Antriebstechnik AG / Expansion of the Board of ATB Austria Antriebstechnik AG

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21.02.2012

Expansion of the Board of ATB Austria Antriebstechnik AG

The Supervisory Board of ATB Austria Antriebstechnik AG has appointed
Ian Lomax, Managing Director of British subsidiary ATB Morley Ltd as
Chief Operating Officer, effective from February 17,2012.The
appointment of the UK based Manager corresponds to the further
Internationalization of the ATB group.

Ian Lomax is described by UK New Business Magazine as a grounded
entrepreneur passionate about manufacturing and innovation. He is a
Chartered Engineer with over thirty years experience in the electric
motor industry with extensive knowledge of electrical and mechanical
design. Ian has been a board member of ATB Morley since 2002 and has
played a significant role in the growth of that business from EUR 8
Mio in 2002 to almost EUR 31 Mio in 2011. Under Ian´s leadership the
business has also received two highly prestigious Queen´s Awards, the
first in 2009 for International Trade and the second, in 2010, for
Innovation.

Together with Mr. Christian Schmidt. CEO, and Ms. Angel Chen, CFO,
Mr. Lomax will drive operational performance in alignment with the
corporate strategy of ATB Austria Antriebstechnik AG. He will focus
on promoting sustainable growth and expansion while focusing on the
key business drivers in the motor industry, driving corporate
strategy and promoting best practices in the operational area of the
Group.

"I see 2012 as a pivotal year for the ATB business. The newly formed
association with the Wolong Group will allow the strong brands in the
business to realize their global market potential" says Ian Lomax.

About Ian Lomax

Ian Lomax, 53, is Managing Director of ATB Morley Ltd., a British ATB
subsidiary located in Leeds, UK. He joined ATB Morley as Technical
Director in 2002 and has played a significant role in the development
and growth of the business. He became MD in late 2007.

He spent the first 20 years of his career at ALSTOM (now Converteam)
in Rugby in the UK and Nancy in France in all areas of electric motor
design for industries including oil and gas, power generation, marine
propulsion and defence.

Mr. Lomax has a degree in Mechanical Engineering and a Masters in
Engineering Business Management gained at Warwick University. He is a
Fellow of the Institute of Mechanical Engineers, a member of the
Institute of Directors and a Fellow of the Royal Society for the
Arts.

He is currently President of the Association of British Mining
Equipment Companies.

Further inquiry note:
Mag. Christina Klein
Tel.: +43 1 90250-240
E-Mail: klein@atb-motors.com

end of announcement euro adhoc
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issuer: ATB Austria Antriebstechnik AG
Wächtergasse 1
A-1010 Wien
WWW: www.atb-motors.com
sector: Technology
ISIN: AT0000617832
indexes: Standard Market Auction
stockmarkets: official market: Wien
language: English