Sept. 19, 2016 - "Change in management at PFAFF Industriesysteme und Maschinen GmbH"

Alfred Wadle - Managing Director (Spokesman)

Robert Keilmann resigned from his position as Chairman of the Management Board at PFAFF Industriesysteme und Maschinen GmbH on August 31, 2016 for personal reasons and amicably left the company by mutual agreement with the shareholders.

His successor is Alfred Wadle who held various commercial positions at PFAFF from 1985 to 1992 and served as Chief Financial Officer at PFAFF from 1999 to 2003. Wadle brings with him experience from the global sewing and welding technology industry, was CEO of DAAG´s largest production site Minerva Boskovice A.S. in the Czech Republic and later CEO at Dürkopp Adler AG in Bielefeld. Wadle possesses further experience in the development of Chinese production sites and he already worked for the Pfaff shareholders in this context. In his role as Chairman of the Management Board, Mr. Wadle will be responsible for research, development, production and strategic procurement as well as the Chinese production site in Zhangjiagang.

Together with management board member Yongwu Chen, he will take the next step towards the positive development of PFAFF INDUSTRIAL / KSL.