Agrana Group announces resignation of CFO Walter Grausam, effective Dec. 31; Grausam, who is stepping down at his own request, has been company's CFO since 1995

VIENNA , May 13, 2014 (press release) – The AGRANA Group announces that Walter Grausam, Chief Financial Officer, will be leaving the Management Board of the AGRANA Group (AGRANA Beteiligungs-AG) and retiring upon the expiry of his current contract on 31 December 2014. Walter Grausam has been the CFO of the AGRANA Group since 1995 and is stepping down at the end of the year at his own request and in accordance with his personal planning. He has contributed significantly to establishing AGRANA as a successful international industrial player. At its meeting today, the Supervisory Board of AGRANA Beteiligungs-AG expressed its deep-felt appreciation for all of his work as CFO over the years.

At the same time, the Supervisory Board of AGRANA also appointed Stephan Büttner a member of the Management Board effective 1 November 2014. With effect from 1 January 2015, Stephan Büttner will be the board member responsible for the areas of Finance, Controlling, Treasury, Data Processing / Organisation, Mergers & Acquisitions, Legal Affairs as well as for the Fruit segment.

After graduating in commercial sciences from the Vienna University of Economics and Business, Stephan Büttner, now aged 41, initially worked in positions at companies including KPMG AUSTRIA GmbH and EULOX LOGISTICS GmbH. After joining Raiffeisen Ware Austria AG in 2001 Stephan Büttner was CEO at its subsidiary Ybbstaler Fruit Austria GmbH as of 2004. He has been working for the AGRANA Group since 2012. As CEO of AUSTRIA JUICE GmbH, a joint venture of AGRANA Beteiligungs-AG and Raiffeisen Ware Austria AG, Stephan Büttner successfully managed the merger of AGRANA Juice GmbH and Ybbstaler Fruit Austria GmbH.

About AGRANA

AGRANA adds value to agricultural commodities to produce top quality foodstuffs and numerous industrial upstream products. Around 8,800 personnel working at over 50 production facilities worldwide generate consolidated revenue of approximately three billion euros. The Company was founded in 1988 and is today the leading sugar company in Central and Eastern Europe as well as being a key producer, in the Starch segment, of special products and bioethanol in Europe. AGRANA is also the global leader in fruit preparations and one of the largest European producers of fruit juice concentrates.

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