CPH Chemie + Papier appoints Manfred Hanerl, previous CFO and Deputy CEO of Sulzer International, as new CFO of CPH Group; appointment effective April 1

PERLEN, Switzerland , February 23, 2012 (press release) – The Board of Directors of CPH Chemie + Papier Holding AG (SIX: CPHN) has appointed Manfred Häner as the new Chief Financial Officer (CFO) of the CPH Group. He will assume his duties on 1 April.

Manfred Häner, who is 56, will be able to draw on some 40 years of experience in the finance and controlling sector in his new capacity. He began his career at Sulzer in 1975, and went on to hold various finance and controlling positions there over the next 23 years, culminating in a term as CFO and Deputy CEO of Sulzer International AG. His service with Sulzer also included several years of secondments to New York and Madrid, where he acquired international management experience. He further spent over ten years as CFO and Deputy CEO of Micronas Semiconductor Holding AG, a position he retained until early 2010. Mr. Häner holds a Swiss Federal Diploma as an Accounting & Controlling Specialist.

Manfred Häner will join the CPH Group on 1 March and assume his new position as Group CFO on 1 April. He will also become a member of CPH Group Executive Management, reporting directly to Group CEO Dr. Peter Schildknecht. Mr. Häner succeeds Dr. Max Michel, who will be taking on new duties after serving as CPH Group CFO for almost ten years.

Max Michel joined the CPH Group in 2003, and has been instrumental in establishing and developing groupwide financial management. Dr. Michel will leave CPH Group Executive Management on handing over his CFO duties to Manfred Häner. The Board of Directors of CPH Chemie + Papier Holding AG thanks Dr. Michel for his many years of service and commitment to the CPH Group, and wishes both Manfred Häner and Max Michel every success and satisfaction in their new capacities.

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