Pfleiderer Makes Executive Board Appointments

Moscow, Russia, Dec. 22, 2008--Pawel Wyrzykowski has been appointed as a new member of the Executive Board of Pfleiderer AG, the company said in a statement.

Wyrzykowski will have Executive Board responsibility for the Eastern Europe region as well as for the functions of sales, marketing and product strategy.

Wojciech Gątkiewicz has been appointed as his successor as the chairman of the Executive Board (CEO) of Pfleiderer Grajewo S.A., Poland, a subsidiary of Pfleiderer AG.

As previously announced in April 2008, Executive Board member Michael Ernst is to retire from the board at the end of January. His area of responsibility, human resources, will be taken over by Chairman Hans H. Overdiek, who has also been appointed as labor relations director by the Supervisory Board of Pfleiderer AG, effective with effect as of Feb. 1.

Ernst’s responsibilities for the Western Europe region and for the IT function will be transferred to Robert Hopperdietzel. CFO Heiko Graeve will additionally take over responsibility for legal affairs and insurance.

In the future, Wyrzykowski will also hold the position of Chairman of the Supervisory Board of Pfleiderer Grajewo S.A. Since 2003, he has been CEO of that company, and will be succeeded in that position by Wojciech Gątkiewicz as of Jan. 1.