Management succession at Uster Technologies Ltd

Richard Furter, Head of Textile Technology and member of the Executive Committee of Uster Technologies Ltd, has expressed his desire to take retirement at the end of 2011. Thomas Nasiou has been appointed as his successor. He is currently working at Uster Technologies in the dual role of Product Manager and as Head of Marketing in China and will assume his new role on June 1, 2011.

Richard Furter (67) has expressed his desire to retire after 44 years of service in Uster Technologies Ltd and the former Zellweger Uster AG. CEO Geoffrey Scott commented: “We will be sorry to see Richard leave. He is a deeply respected member of the Uster team, both inside the company and within the industry. In his time with the Uster Group, he has held management positions in various areas of the company, including Marketing, Business Development and Research & Development as well as leading our Textile Technology team for the past 13 years.

Richard has made a significant contribution to the development of the Company over the years. He has been a valued colleague and provided great friendship, counsel and advice to me in my time with the company as well as supporting me through the two MBO’s and the successful completion of the IPO. Our Board of Directors and the whole management team thank him for his invaluable service and unwavering dedication to the company.” Richard Furter will be retained by the company on a consultancy basis.

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