He will take up his position on September 28th. 2005 when he will also be appointed as President of HTM Sport S.p.A Italy. Gerald replaces Stefano Di Martino who has spent the last two years restructuring the Diving Division, improving both its profitability and performance and we would like to thank Stefano for his contribution to the group and wish him all the best in his new role.
Gerald joined the Head Group in 2000 and is currently Vice President of Operations, Managing Director of Head Sports AG and a Member of the Executive Committee.
Johan Eliasch, Chairman and CEO, commented:
"I am delighted that Gerald has agreed to take on this new role as I feel that he will bring invaluable experience to the Diving Division which he has gained from working across all divisions within our group."
Head NV is a leading global manufacturer and marketer of premium sports equipment.
Head NV’s ordinary shares are listed on the New York Stock Exchange (“HED”) and the Vienna Stock Exchange (“HEAD”).
Our business is organized into four divisions: Winter Sports, Racquet Sports, Diving and Licensing. We sell products under the Head (tennis, squash and racquetball racquets, alpine skis and ski boots, snowboard equipment), Penn (tennis and racquetball balls), Tyrolia (ski bindings), and Mares/Dacor (diving equipment) brands.
We hold leading positions in all of our product markets and our products are endorsed by some of the world’s top athletes including Andre Agassi, Gustavo Kuerten, Marat Safin, Juan Carlos Ferrero, Johann Grugger and Maria Riesch.
For more information, please visit our website: http://www.head.com
Analysts, investors, media and others seeking financial and general information, please contact:
Clare Vincent, Investor Relations
Tel: +44 207 499 7800
Fax: +44 207 491 7725
E mail: firstname.lastname@example.org
Ralf Bernhart, Chief Financial Officer
Tel: +43 1 70 179 354
Fax +43 1 707 8940