EANS-News: ANDRITZ AG: Changes in the Executive Board - Executive Board reduced to four members - Joachim Schönbeck as new Executive Board member

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Company Information

Graz, August 28, 2014. Two mandates to the ANDRITZ AG Executive
Board will expire at the end of 2014 and one at the end of the first
quarter of 2015. At today's meeting, the ANDRITZ AG Supervisory Board
passed the following resolutions:

The mandate of Humbert Köfler, who has been responsible within the
Executive Board for the PULP & PAPER (Service and System Solutions)
and SEPARATION business areas since April 1, 2007, is to be extended
for another five years until March 31, 2020.

Friedrich Papst will retire on March 31, 2015, after more than 35
years of service at ANDRITZ - 16 of which were spent as Member of the
Executive Board, where he was responsible for the METALS, FEED &
BIOFUEL and HYDRO (pumps) business areas, as well as for global
procurement and global manufacturing.

The Executive Board mandate of Karl Hornhofer, who was responsible
for the PULP & PAPER business area's capital business as well as for
global quality and safety management, ends on September 30, 2014. In
future, Karl Hornhofer will act as chief representative for sale of
large projects in the ANDRITZ PULP & PAPER business area.

As of October 1, 2014, Joachim Schönbeck will take over the areas of
responsibility previously held by Karl Hornhofer and, as from April
1, 2015, those held by Friedrich Papst.

Joachim Schönbeck, born in Bonn in 1964, has held management
positions at Mannesmann, Siemens and SMS Group in the course of his
career. Most recently, he was spokesman of the Managing Board for SMS
Holding GmbH, Dusseldorf, and also spent many years as President &
CEO of SMS Meer GmbH in Mönchengladbach.

The other Executive Board members of ANDRITZ AG remain unchanged,
with the Executive Board comprising the following members as from
October 1, 2014: Wolfgang Leitner (President & CEO); Humbert Köfler;
Friedrich Papst (until March 31, 2015); Joachim Schönbeck; Wolfgang
Semper.

As from April 1, 2015, the ANDRITZ AG Executive Board will consist of
four members: Wolfgang Leitner (CEO); Humbert Köfler; Joachim
Schönbeck; Wolfgang Semper.

On behalf of the ANDRITZ AG Supervisory Board, its chairman Christian
Nowotny thanks the two retiring members of the Executive Board for
their many years of service and their personal commitment. He is also
very pleased that "Joachim Schönbeck, a manager with a great deal of
international experience and many years of service in operational
business, is joining the ANDRITZ AG Executive Board."

- End -

The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of
plants, equipment, and services for hydropower stations, the pulp and
paper industry, the metalworking and steel industries, and
solid/liquid separation in the municipal and industrial sectors. The
publicly listed, international technology Group is headquartered in
Graz, Austria, and has a staff of around 24,100 employees. ANDRITZ
operates over 250 production sites as well as service and sales
companies all around the world. The ANDRITZ GROUP ranks among the
global market leaders in all four of its business areas. One of the
Group's overall strategic goals is to strengthen and extend this
position. At the same time, the company aims to secure the
continuation of profitable growth in the long-term.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English