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New Oerlikon Vacuum Segment CEO to push growth and profitability

Management Change at Oerlikon Vacuum

Pfäffikon SZ, Switzerland, August 23, 2012 – The Oerlikon Group will shortly welcome Dr. Martin Füllenbach as CEO of its Vacuum Segment. Dr. Andreas Widl, who held the position since 2008, has left the company. Martin Füllenbach’s top priority will be the delivery of a growth oriented business plan. The Segment’s cost structure will also undergo a comprehensive review to ensure long-term profitable growth of Oerlikon’s Vacuum business.

Martin Füllenbach (44, German citizen) is an internationally experienced executive who has held several leading positions at global industry groups such as DaimlerChrysler Aerospace and EADS. His latest position was Executive Vice President of Voith Turbo, a division of Germany’s Voith GmbH, where he successfully led its profitable organic and inorganic growth on a global scale. He holds a PhD in economics from the Friedrich-Alexander University of Nuremberg, Germany. Martin Füllenbach started his career as a commissioned officer of the German Air Force and has served in active duty for more than 11 years.

“We thank Andreas Widl for his dedicated efforts during his time at Oerlikon and wish him all the best for the future. He successfully led Oerlikon Vacuum out of the recession. In this next phase at Vacuum, Martin Füllenbach with his vast experience in managing growth, cost structures and M&A, is optimally qualified to develop our business to a Best-in-Class player in its industry”, said Oerlikon Group CEO Michael Buscher. Subject to Voith’s Board approval, Martin Füllenbach will take up with Oerlikon on October 15, 2012.

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