On 1 October 2007 at the public presentation of the 2007-2012 Strategic Plan, Messrs Raymond Stauffer, CEO and Managing Director, and Philippe Maquelin, COO/CFO, indicated that they did not intend to continue in a general management role beyond the spring of 2011. The consequences of that decision, which they have subsequently reaffirmed, entailed a period of reflection and preparation commencing over a year ago, which has now resulted in the following decisions and proposals.
- Mr Philippe Jacot, currently CTO of the Tornos Group will become CEO.
- Mr Paul Häring, currently a Director of Tornos Holding S.A., will become CFO, and will resign as a Director with effect from the Annual General Meeting of Shareholders on 12 April 2011.
- Mr André Chardonnereau, currently Head of Engineering at Tornos SA will become COO (see short CV below).
- Mr Olivier Marchand, currently CEO of Dolima Sàrl, an engineering company which has undertaken a number of product development contracts for Tornos, will join the Group, becoming its CTO (see short CV below).
As at present, the other members of General Management will be Messrs Carlos Cancer, Head of Single Spindle Products, Roland Gutknecht, Head of Almac Products, Willi Nef, Head of Sales and Marketing, Bernard Seuret, Head of Production, Sandor Sipos, Head of Customer Service and Iwan von Rotz, Head of Multispindle Products.
Messrs Raymond Stauffer and Philippe Maquelin will be available to General Management until 30 April 2011 to ensure that the transition is as smooth as possible. Board of Directors 2011 The following changes will be proposed to the forthcoming Annual General Meeting of Shareholders of Tornos Holding S.A., which is scheduled for 12 April 2011.
In view of his appointment to the office of Group CFO, Mr Paul Häring will resign as a Director. Mr Raymond Stauffer, currently CEO, will resign as Managing Director on expiry of his term of office, and will offer himself for election as a Director. Mr Philippe Maquelin, the current COO/CFO, will offer himself for election as a Director in place of Mr Paul Häring. Mr Frank Brinken, CEO of Starrag Heckert, will offer himself for election as a Director (short CV below) to fill the vacant Board position created by the resignation of Mr François Gabella.
The other members of the Board of Directors whose terms of office all expire at the next Ordinary General Meeting of Shareholders, namely Messrs François Frôté, Chairman, Claude Elsen, Deputy Chairman, and Michel Rollier, Director, will offer themselves for re-election. If the proposed changes and re-elections are approved at the next Annual General Meeting, the Board of Directors will again comprise six members, and the office of Managing Director will be abolished.
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