February 1, 2012

Changes to EPCOS Management Board (EPCOS AG)

  • CFO Joachim Zichlarz appointed additionally Speaker of the Management Board
  • Joachim Thiele joins the Management Board as Chief Sales Officer

The Supervisory Board of EPCOS AG, a TDK group company, decided to make the following changes to the composition of the Management Board effective February 1, 2012:

Joachim Zichlarz (48) was appointed to the position of Speaker of the Management Board of EPCOS AG in addition to his current duties as Chief Financial Officer (CFO). In the past several years Zichlarz has played an important role in all substantial decisions in the company. He brings more than two decades of experience gained since 1988 in the international electronic components business at EPCOS and its predecessors. Among others, beginning in 1999 Mr. Zichlarz served as Head of Business Administration for the Film Capacitors Division, before he was named Head of Business Administration of the EPCOS Group in 2006 and then in 2009 appointed to CFO of the EPCOS Group.

Zichlarz succeeds Gerhard Pegam, who with effect from February 1, 2012, has been released from his offices and obligations as member and chairman of the EPCOS Management Board and will pursue new professional challenges. The Supervisory Board thanks Gerhard Pegam for his immense and dedicated efforts to the good of the company: Pegam played a decisive role in the development of EPCOS to a global leading manufacturer of electronic components and made a major contribution to the overall success of the EPCOS Group. Since 1985 Pegam served in various leadership positions for EPCOS and its predecessor companies; in September 1999 he was named Chief Operating Officer in the Management Board of the then newly formed EPCOS AG. Since April 2001 he served as President and CEO of the Management Board.

New in the Management Board of EPCOS AG is Joachim Thiele (49). He assumes the duties of Chief Sales Officer (CSO) – also starting February 1, 2012. Already since 2006 Thiele has been responsible for EPCOS’ global sales organization. With a degree in electrical engineering Thiele has worked for EPCOS and its predecessor companies since 1990. Rounding out the Management Board is Dr. Werner Faber, who has served as Chief Operations Officer (COO) since 2005.

With these new appointments the Supervisory Board of EPCOS AG is aligning the EPCOS Management Board to the evolving profile of operative responsibilities and duties that has emerged in the course of the combination of EPCOS with the electronic components business of TDK.