In view of the pending generational transition at the executive management level of the KUKA Group, on June 9, 2008 KUKA Aktiengesellschaft's Supervisory Board has appointed Dr. Horst J. Kayser to the Executive Board as CEO and labor director effective as of October 1, 2008.
Mr. Gerhard Wiedemann, the company's CEO of the Executive Board and labor director is preparing to retire and will not be extending his contract beyond March 31, 2009. He has tendered his resignation effective as of the close of September 30, 2008, but will continue to work with the Executive Board in a consulting capacity until March 31, 2009.
The Supervisory Board has also appointed Dr. Matthias J. Rapp to the Executive Board responsible for finance and controlling effective as of July 1, 2008.
Board member Dr. Jürgen Koch, responsible for finance and controlling, had already announced in December 2007 that he did not wish to continue in this function beyond March 31, 2009 for personal reasons and has now tendered his resignation effective as of the close of June 30, 2008.