oerlikon

Management philosophy

The Executive Board, supported by the corporate functions and regional offices, manage the company centrally as a unit. The overriding Group strategy and a shared corporate culture form the basis for this collaboration. Within those guidelines, the business units bear responsibility for the day-to-day operational activities. Clearly defined, binding goals and regular monitoring of the achievement of those goals ensure a high level of transparency throughout the Group.

Composition of the Executive Board

On December 31, 2006, Thomas Limberger (CEO) and Dr. Jörg Eichkorn (CFO) were members of the Executive Board. Siegfried Lamprecht (Head of Corporate Human Resources) and Rainer Mück (CFO) stepped down from the Executive Board at the end of June 2006 and on December 12, 2006 respectively.

Composition of the Executive Board

Name	Nationality	Age	Position	Joined	position since	Stepped down
Thomas Limberger	D	39	CEO	2004	01.08.2005	-
Dr. Jörg Eichkorn	D	40	CFO	2006	12.12.2006	-
Rainer Mück	D	41	CFO	2005	01.10.2005	12.12.2006
Siegfried Lamprecht	D	47	Head of Corporate Human Resources	2005	01.08.2005	03.06.2006

Education and professional background of Board members

Thomas Limberger, Chief Executive Officer
See Board of Directors.

Dr. Jörg Eichkorn, Chief Financial Officer
Dr. Jörg Eichkorn (1966, German citizen) is Chief Financial Officer of Oerlikon. He was in charge of Corporate Controlling from February 2005 and became deputy CFO in June 2006. On December 12, 2006 he was appointed CFO of Oerlikon. Jörg Eichkorn is well-experienced and knowledgeable in international financial management. He studied Business Management at the University of St. Gallen, and took his degree there in 1996. After studying law in Konstanz (first examinations) he spent six years as a consultant with Boston Consulting Group in Munich and two and a half years as COO for taxes and balance sheet preparation with Commerzbank in Frankfurt.

Other activities and interests of Board members

No member of Oerlikon's Executive Board is a member of management or supervisory boards of any significant Swiss or foreign corporation, institution or foundation other than Oerlikon and Saurer. Members of corporate management do not carry out permanent consulting or management functions for any significant Swiss or foreign companies, nor do they have responsibilities in government service or politics.

Important changes since December 31, 2006

Dr. Uwe Krüger (42) and Björn Bajan (47) were appointed as new members of the Executive Board, Dr. Uwe Krüger as Chief Operating Officer (COO) and Björn Bajan as General Counsel. The appointments were made by the Board of Directors on January 31, 2007. Björn Bajan took up office on February 1, 2007, Dr. Uwe Krüger on March 1, 2007.

Management contracts

As of December 31, 2006, OC Oerlikon Corporation AG, Pfäffikon and its Group companies had no material third-party management contracts.