DGAP-Adhoc: Basler AG: Basler AG expands Management Board

Basler AG / Key word(s): Change of Personnel

29.08.2013 09:58

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ahrensburg, August 29, 2013 - Today, the supervisory board of Basler AG has
resolved changes in the management board in order to prepare the company's
management for the planned future growth from both an organizational and
personnel point of view. On January 1, 2014, the management board will be
expanded from three members to four members and the allocation of
management board departments will be adjusted to future needs.

As Chief Financial Officer (CFO)/ Chief Operations Officer (COO) Hardy Mehl
(38) will move up in the management board and will lead the company
together with the chairman of the board, Dr. Dietmar Ley, and the
management board members Arndt Bake and John Jennings. In the newly created
department 'Finance & Operations' Hardy Mehl will be responsible for the
functions finance, controlling, SAP & IT, legal and patents, investor
relations, as well as for facility management so far headed by the chairman
of the board and also for production and supply-chain-management formerly
headed by the chief operations officer.

From the beginning of the financial year 2014, current Chief Operations
Officer, Arndt Bake, will change to the newly created department
'Marketing'. In his new role as Chief Marketing Officer (CMO) he will lead
the strategic marketing and the product management for existing and new
business fields. As chief commercial officer (CCO) John Jennings will
remain responsible for sales, market communication and the company's
subsidiaries. From January 1, 2014, the chairman of the management board
(CEO), Dr. Dietmar Ley, will be responsible for research and development,
organizational development and human resources.

Hardy Mehl has an university degree in business administration as well as a
degree in business administration of the Hamburg Business Academy
(Wirtschaftsakademie Hamburg) which he obtained in a dual study program of
Deutsche BP AG, Hamburg. Presently, he is completing an executive MBA study
program at the ESMT (European School of Management and Technology) in
Berlin. Since joining Basler AG in the year 1999 he held various management
positions within the company and is currently responsible for the product
management, the business development and the steering of business.

_________________________________________________________________________

Basler is a leading developer and manufacturer of high grade digital
cameras for applications in industry, video surveillance, medicine, and
traffic. Product development is driven by industry requirements. The
cameras provide easy integration, compact sizes, and an outstanding
price/performance ratio. Basler has more than 25 years of experience in
image processing and has been developing and producing high grade digital
cameras for 15 years.The company employs approximately 350 employees in its
headquarters in Ahrensburg, Germany, and in the subsidiaries in the USA,
Singapore, Taiwan, and Korea.

Basler AG, Dr. Dietmar Ley (CEO), An der Strusbek 60 - 62, D-22926
Ahrensburg, Tel. +49 - 4102- 463 100, ir/baslerweb.com, www.baslerweb.com,
ISIN DE 0005102008

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Language: English
Company: Basler AG
An der Strusbek 60-62
22926 Ahrensburg
Germany
Phone: 04102-463 0
Fax: 04102-463 109
E-mail: ir@baslerweb.com
Internet: www.baslerweb.com
ISIN: DE0005102008
WKN: 510200
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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