Hansen Transmissions International NV announces the appointment of a new Chief Executive Officer
March 19 2010 - 3:16AM
UK Regulatory
TIDMHSN
Edegem/Antwerp, Belgium - London, UK - 19 March 2010 - The Board of Hansen
Transmissions International NV ("Hansen", "the Group" or "the Company") is
pleased to announce, with effect from 31 March 2010, the appointment of Alex De
Ryck as Chief Executive Officer ("CEO") following the decision by Ivan Brems to
retire from active executive duties as CEO of the Company.
Alex De Ryck currently holds the position of Chief Financial Officer ("CFO") and
is a member of the Board. The Board is pleased that Alex De Ryck has accepted
the appointment as CEO, which will enable a smooth handover of responsibilities.
Subsequent to 31 March 2010, Ivan Brems will continue to be available to the
Group in a new capacity as a consultant to the board and executive committee.
The Board is in the process of appointing a new CFO and will communicate on this
position in due course.
Tulsi Tanti, Chairman of the Board, commented: "Ivan Brems has been
instrumental, over many years, to the successful growth of Hansen into a
world-leading supplier of high quality gearboxes for the wind industry. The
Board wants to thank Ivan for his valuable work at Hansen and is happy that he
will continue to support Hansen on a consultancy basis in the next stage of the
Company's development."
Ivan Brems commented: "It is with great confidence that I hand over to Alex De
Ryck, who has known Hansen for more than 20 years and has been with the Group
for 6 years as CFO. I have worked with Alex for almost 6 years and am delighted
to be handing over to him. He was the unanimous choice of the Board and I am
convinced that he is the right successor and will lead Hansen to continued
future success."
Alex De Ryck commented: "I am extremely honoured to be offered the opportunity
to lead Hansen at this important time in the Company's development. Ivan has
been critical to the success of the Group over many years and we wish him well
in the future. Although these are clearly challenging times for the wind
industry we are well prepared and have an outstanding team in place. Trading for
the current financial year remains in line with previous guidance and as
anticipated in January we have recently created additional financial flexibility
for the Group by re-negotiating our bank covenants. I am convinced that Hansen
is well placed to exploit the opportunities that lie ahead and look forward to
leading the company to future successes."
The next update for shareholders is scheduled on 17 May 2010 with the release of
our full year results.
#
Notes
Ivan Brems (57) joined the Group in 1974, and became CEO in 2006. Previously he
was Vice President of Corporate Marketing and Business Development
Alex De Ryck (50) became CFO of Hansen in 2004. Prior to joining the Group, he
held a number of high profile positions, including CEO of Esselte Belgium and
Eldon Belgium, CFO of the Dymo Group and the Eldon Enclosures Group and finance
manager at Honeywell Europe.
#
For further information, please contact
+------------------------------------------------------------------------------+
|Hansen Transmissions International NV |
+--------------------------------------------------------------+---------------+
|Investor Relations |+32 3 450 58 62|
|Hans Ooms | |
|De Villermonstraat 9 | |
|2550 Kontich - Belgium | |
|hans.ooms.ir@hansentransmissions.com | |
|<mailto:hans.ooms.ir@hansentransmissions.com> | |
|http://www.hansentransmissions.com/en/investorrelations.html | |
+--------------------------------------------------------------+---------------+
+----------------------------------------------------------------------------+
|M:Communications |
+-----------------------------------------------------------+----------------+
|Eleanor Williamson |+44 20 7920 2339|
|Williamson@mcomgroup.com <mailto:Williamson@mcomgroup.com> | |
+-----------------------------------------------------------+----------------+
Financial Calendar - Hansen
FINANCIAL YEAR 2010
12 months period ending 31 March 2010
+--------------------------------------+------------------------------------+
|29 July 2009 |Interim statement Q1 2010 Results |
+--------------------------------------+------------------------------------+
|26 October 2009 |Press Release 1H 2010 Results |
+--------------------------------------+------------------------------------+
|28 January 2010 |Interim statement Q3 2010 Results |
+--------------------------------------+------------------------------------+
|17 May 2010 (*) |Press Release FY 2010 Results |
+--------------------------------------+------------------------------------+
|24 June 2010 |Annual Shareholders' Meeting FY 2010|
+--------------------------------------+------------------------------------+
(*) date subject to final confirmation
About Hansen Transmissions
Hansen Transmissions International NV is an established global wind turbine
gearbox and industrial gearbox designer, manufacturer and supplier, with a
leading position (by MW supplied) in the wind turbine gearbox market. The
company supplies gearboxes to the world's major manufacturers of gear-driven
wind turbines and provides durable gear drives for a wide range of industrial
applications throughout the world. Both Hansen's wind energy and industrial
activities have established dedicated international service networks. In
addition to its principal state-of-the-art manufacturing facilities located in
Flanders, Belgium - i.e. a wind turbine and industrial gearbox plant and a fully
integrated, dedicated wind turbine gearbox manufacturing facility - Hansen has a
production plant for wind turbine gearboxes in Coimbatore, India and an assembly
and testing plant for the Chinese market, located in Tianjin, China. As such,
Hansen plans to increase its wind turbine gearbox manufacturing capabilities,
from 7,300 MW per annum in the financial year 2009 to 14,300 MW, by financial
year 2013. Strong in-house R&D operations maintain Hansen's technological
leadership and the company employs over 2,300 people worldwide.
http://www.hansentransmissions.com/en/
http://www.hansentransmissions.com/en/investorrelations.html
Forward Looking Statements
This press release may include statements that are "forward-looking statements".
In some cases, these forward-looking statements can be identified by the use of
forward-looking terminology, including the terms "believes", "estimates",
"forecasts", "plans", "prepares", "projects", "anticipates", "expects",
"intends", "may", "will", "should" or other similar words. Forward-looking
statements may include, without limitation, those regarding Hansen's financial
position, business strategy, plans and objectives of management for future
operations (including development plans and objectives relating to Hansen's
products) and the wind turbine and gearbox markets. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Hansen, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such forward looking statements are based on numerous assumptions
regarding Hansen's present and future business strategies and the environment in
which Hansen will operate in the future. These forward looking statements speak
only as of the date of this press release. Hansen expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any
forward-looking statement contained herein to reflect any change in Hansen's
expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
#
[HUG#1395505]
Press Release (PDF): http://hugin.info/139494/R/1395505/352284.pdf
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