May 25, 2012
Enlargement of the EPCOS Management Board
The Supervisory Board of EPCOS AG, a TDK group company, decided to make the following changes to the composition of the Management Board:
Dr. Norbert Hess (52) and Christian Block (49) were appointed to the Management Board of EPCOS AG effective June 1, 2012. Initially, the two new appointees will serve as deputies for Dr. Werner Faber until June 30, 2012. In agreement with the Supervisory Board, Dr. Faber will step down from the Management Board of EPCOS AG effective June 30, 2012, and will stand as a candidate for a seat on the Supervisory Board at EPCOS' Annual General Meeting on July 26, 2012.
Effective July 1, 2012, Dr. Hess will, as a member of the EPCOS Management Board, assume responsibility for the business of the Aluminum Electrolytic Capacitors, Film Capacitors, Magnetics, Piezo and Protection Devices and Sensors Business Groups. Additionally, he will shoulder Management Board responsibility for Technology and Quality. Dr. Hess' most recent position in the Group was that of Chief Executive Officer (CEO) of the PPD Business Group. An engineer with a doctorate in materials science, Dr. Hess has worked for EPCOS and its predecessor companies since 1987.
Also effective July 1, 2012, Block will, as a member of the EPCOS Management Board, assume responsibility for the business of the Systems, Acoustics, Waves Business Group. Beside his position on the Management Board, Block will retain his duties as Chief Executive Officer (CEO) and Chief Technology Officer (CTO) at the SAW Business Group. With a degree in electrical engineering Block has worked for EPCOS and its predecessor companies since 1989.