STOCK EXCHANGE RELEASE
Free for publication on August 1, 2011 at 10.00 (CEST+1)
ALEXANDER KOCHER APPOINTED PRESIDENT, AUTOMOTIVE BUSINESS SEGMENT OF EB, ELEKTROBIT CORPORATION
Alexander Kocher (M. Sc., Electrical Engineering), 50, has been appointed President of the Automotive Business Segment and Managing Director of Elektrobit Automotive GmbH, effective latest November 1, 2011.
Alexander Kocher will transfer to EB from Wind River GmbH, a subsidiary of Intel Inc, where he has worked as Vice President and General Manager of Automotive Business Unit for the last 3 years. Earlier in his career, Mr. Kocher has worked at Continental/VDO Automotive AG, Siemens Automotive AG, Infineon Technologies AG and Siemens AG in various business management, business development and R&D management positions regarding automotive infotainment and other software and product solutions.
- Alexander Kocher has strong industry expertise in automotive software and electronics technologies and their international markets. He has also a long management experience related to R&D, software business as well as customer relationships. We believe he has the right professional background and personal capabilities to assume the leadership of EB Automotive Business Segment to develop its offering and competitiveness in the fast growing and developing automotive software market, says Jukka Harju, CEO of EB.
Mr. Kocher will report to the Board of Directors of Elektrobit Automotive GmbH. The board is chaired by Jukka Harju, CEO of EB.
Gregor Zink, Vice President, Finance of EB Automotive Business Segment, will continue as Acting President of the EB Automotive Business Segment until Alexander Kocher will start at EB.
Further information:
Jukka Harju
CEO
Tel. +358 40 344 5466
Distribution:
NASDAQ OMX Helsinki Oy
Principal media
EB, Elektrobit Corporation
EB develops advanced technology and transforms it into enriching end user experiences. EB specializes in demanding embedded software and hardware solutions for the automotive industry and wireless technologies. The company's net sales for the year 2010 totaled EUR 161.8 million. Elektrobit Corporation is listed on the NASDAQ OMX Helsinki. www.elektrobit.com (http://www.elektrobit.com)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Elektrobit Oyj via Thomson Reuters ONE
