Progress-Werk Oberkirch AG
DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Change of Personnel

2016-04-20 / 09:30
The issuer is solely responsible for the content of this announcement.

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Oberkirch, April 20, 2016 - Dr. Winfried Blümel, who has been a member of
the PWO AG Management Board and Chief Operating Officer since April 2004,
has informed the Supervisory Board of PWO AG of his decision not to extend
his employment contract, which will expire in April 2017, in order to
pursue a new challenge as the managing director of a mid-sized business
group.

The Supervisory Board of PWO AG amicably accepted Dr. Blümels decision with
regret and agreed to terminate his contract effective June 30, 2016. The
Supervisory Board extends its appreciation for Dr. Blümels tremendous
commitment and important contribution and wishes him success in his future
endeavors.

As Dr. Blümel's successor, the Supervisory Board has appointed Johannes
Obrecht (49) to the position of Deputy Member of the Management Board of
Progress-Werk Oberkirch AG effective July 1, 2016. Johannes Obrecht has
over 30 years of success in the Company, most recently as business line
manager Deep-Drawn Parts and as Head of Development.

Progress-Werk Oberkirch AG
The Management Board


PWO company profile
PWO is one of the world's leading developers and manufacturers of advanced
metal components and systems in lightweight construction for automobile
safety and comfort. The Group has developed a unique knowledge in the
forming and joining of metals over the course of its more than 95-year
history since it was founded in 1919. The German location at Oberkirch
today employs around 1,500 staff members. PWO is globally represented with
further sites in the Czech Republic, Canada, Mexico, and China. The Group
employs a total of 3,100 staff members.

PW0 is a partner to the global automotive industry for the development and
production of innovative products in the divisions of "Mechanical
components for electrical and electronic applications", "Safety components
for airbags, seats and steering" and "Components and subsystems for vehicle
bodies and chassis".


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2016-04-20 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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   Language:    English                                                     
   Company:     Progress-Werk Oberkirch AG                                  
                Industriestraße 8                                           
                77704 Oberkirch                                             
                Germany                                                     
   Phone:       +49 (0)7802 84-0                                            
   Fax:         +49 (0)7802 84-273                                          
   E-mail:      info@progress-werk.de                                       
   Internet:    www.progress-werk.de                                        
   ISIN:        DE0006968001                                                
   WKN:         696800                                                      
   Listed:      Regulated Market in Frankfurt (Prime Standard), Stuttgart;  
                Regulated Unofficial Market in Berlin, Dusseldorf,          
                Hamburg, Munich                                             
 
   
     End of News    DGAP News Service