euro adhoc: Cicor Technologies / Board of Directors (Appointments and Changes) / Cicor Technologies Strengthens Group Management: Lucas A. Grolimund is the new CEO

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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23.01.2007

Cicor Technologies, the Neuchâtel-based industrial group that
specializes in developing and manufacturing printed circuit boards as
well as offering Electronic Manufacturing Services (EMS), is
expanding and strengthening its management team and adjusting its
organizational structure to the greater demands it faces. In line
with group development plans, current CEO Robert Demuth is taking on
wider strategic responsibilities. At the start of May, Lucas A.
Grolimund (40), an experienced industrial manager, takes over
responsibility for operational management as the group's new CEO.

Having graduated as an electrical engineer from the Swiss Federal
Institute of Technology and with an MBA from INSEAD Fontainebleau,
Lucas A. Grolimund brings solid technical expertise and proven
management experience to his new role. His career took him after his
studies to McKinsey and then to Gate Gourmet where, as CFO and Member
of the Executive Board, he played a major role in the company's
development. For the last three years he has been CEO of Schlatter,
where he successfully managed the turnaround of this listed Swiss
manufacturing group.

Lucas A. Grolimund's priorities as the new CEO of Cicor Group are to
successfully manage the company's continued growth as well as the
related integration and organizational tasks. He is scheduled to take
over as CEO of Cicor Technologies Group at the start of May 2007.

Robert Demuth has done much to build up Cicor Technologies and has
successfully managed the group during an important period of growth
and integration. As an executive member of the Board of Directors he
will continue to push forward the group's growth, organically and
through acquisitions. The Board of Directors will therefore propose
to the Annual General Meeting of Shareholders on June 21, 2007 that
Robert Demuth be elected to the Board. In this function he will
concentrate in particular on the group's further strategic
development, as well as assessing and implementing acquisition
projects and other strategic matters. He will work closely with the
new CEO, Lucas A. Grolimund, on the implementation of these plans.

end of announcement euro adhoc 23.01.2007 07:00:00
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ots Originaltext: Cicorel Holding SA
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christian Welter Robert Demuth
Executive Director CEO
Tel. +41 79 409 40 91 Tel. +41 79 401 02 01
Email media@cicor.ch Email media@cicor.ch

Branche: Technology
ISIN: CH0008702190
WKN: 8702190
Index: SPI, SSCI, SPIEX
Börsen: Frankfurter Wertpapierbörse / free trade
SWX Swiss Exchange / official market


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