Hansen Transmissions International NV announces appointment of a new Chief Financial Officer
July 30 2010 - 2:01AM
UK Regulatory
TIDMHSN
Edegem/Antwerp, Belgium - London, UK - 30 July 2010 - Hansen Transmissions
International NV ("Hansen", "the Group" or "the Company") is pleased to announce
the appointment of Jan Willem Ruinemans as Chief Financial Officer ("CFO") of
the Company.
Jan Willem is currently the Chief Financial Officer and an Executive Board
member of BE Semiconductor Industries, a leading Dutch manufacturer of assembly
equipment for the global semiconductor and electronics industry, for the past
two years. During this time, he worked at the significant acquisition of Esec
and contributed successfully in managing the company through the challenges of
the 08-09 downturn. Prior to BE Semiconductor Industries Jan Willem worked at
Philips for 13 years in a number of senior financial management positions.
Tulsi Tanti, Chairman of the Board, commented: "I am delighted to welcome Jan
Willem as Chief Financial Officer of Hansen Transmissions. He brings with him a
wealth of experience in financial management and I am convinced he will be a
good addition to Hansen's Executive Committee and to the Board of Directors when
appointed to that position by the shareholders meeting".
Alex De Ryck, Chief Executive Officer said: "I look forward to
working closely with Jan Willem as Hansen continues to deliver on both its
operational and financial strategies. Over the past 18 months we have already
made significant progress on costs, working capital, net debt and capital
expenditure. We will continue to focus on these as a priority. At the same time
we will look to build on Hansen's leading position in the industrial and wind
gearbox markets with our growing portfolio of products and customers in new
growth geographies."
The next update for shareholders is scheduled on 28 October 2010 with the
release of our First Half results for the current financial year.
For further information, please contact:
Hansen Transmissions International NV
Investor Relations
Hans Ooms +32 3 450 58 62
De Villermontstraat 9
2550 Kontich - Belgium
hans.ooms.ir@hansentransmissions.com
http://ir.hansentransmissions.com/
Investors & Analysts
Maitland
Sarah Hamilton +44 20 7395 0464
shamilton@maitland.co.uk
Financial Press
M:Communications
Eleanor Williamson +44 20 7920 2339
Williamson@mcomgroup.com
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 8,500 MW per annum in the financial year 2010 to 14,300 MW in financial
year 2013. Strong in-house R&D operations maintain Hansen's technological
leadership and the Company employs approximately 2,200 people worldwide.
http://www.hansentransmissions.com/en/
http://ir.hansentransmissions.com/
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#1434936]
Press Release (PDF): http://hugin.info/139494/R/1434936/380492.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Hansen Transmissions International NV via Thomson Reuters ONE
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