Pfleiderer Executive Board Member Resigns

Neumarkt, Germany, Nov. 10, 2009-- Due to the planned reorganization at Pfleiderer AG, Robert Hopperdietzel has decided to step down from his position as an Executive Board member as of Nov. 15.

Hopperdietzel, who was deputy chairman of the Executive Board, was responsible for the technology and operations, and most recently also for Business Center Western Europe.

Hopperdietzel’s tasks will be performed by the other members of the Executive Board.

Pfleiderer AG Chief Executive Officer Hans Overdiek also said the German manufacturer of laminate flooring did better “in all respects” in third quarter than in the preceding three months as raw material prices declined.

Revenue and profitability improved in the third quarter from the second quarter, the CEO said in a presentation in Frankfurt.