We are pleased to inform you today that as per January of this year DR. MICHAEL THIELEN (43) has joined PBT. Michael Thielen will take over as Managing Director of PBT in Mendrisio and also oversee the PBT Service Organisation in Leipzig. With a master in mechanical engineering and a Doctorate from the University Print and Media Technology in Chemnitz, Michael Thielen brings ideal credentials to take over this position from Kurt Richter and bring new initiatives into the company. Kurt Richter, who has no intention to retire, will continue as usual to be active in international sales and marketing. We wish Michael Thielen success and satisfaction with this new important assignment.