Pfleiderer Names New Leader of Restructuring

Neumarkt, Germany, April 5, 2011 -- Pfleiderer has named Hans-Joachim Ziems as a new member of the company's Executive Board with responsibility for the company's ongoing restructuring.

"With Mr. Ziems, we have gained an experienced specialist in the field of restructuring. He will benefit in his new position from decades of experience in industry and business consulting," said Hanno C. Fiedler, chairman of Pfleiderer's Supervisory Board.

Ziems is a managing partner of Ziems & Partner Business Consultants in Cologne. The firm specializes in restructuring.

Pfleiderer also appointed Alfred Hagebusch as a new member of the Supervisory Board. He has been appointed by the Nuremberg District Court.

Hagebusch is a partner of the Wellensiek firm of lawyers, which is specialized in the resolution of companies' crisis-related issues.