Derungs Licht AG

Change in Management

As you may know, the Waldmann Group has taken over Derungs Licht AG January 1st,1999. Mr Walter Derungs has, according to the agreement, continued his managing director responsibility for the changeover period until 31st December 2005 and he has established the company integration into the Waldmann group successfully. Therefore, we thank Walter Derungs for his fine performance at this time especially.

The Derungs board has appointed Mr. Peter Schmollinger as new managing director. He will take over the business management responsibility from 1st January 2006 on. For this new professional challenge Mr. Schmollinger has, at Derungs, prepared himself intensively for several years. Together with his broad personal qualifications we can look into a promising future. For the strategically enhancements of the Derungs Licht AG he will be supported in the management by Mr. Richard Wiesli, Sales and Marketing Director. Mr. Walter Derungs has agreed to be, as a consultant until 31st December 2006, at the new management?s disposal.

Announcing the new management team, we are confident to be well prepared to accomplish with you the mutual challenges of the future.