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Fritz Mumenthaler to take over as new Ascom CEO on 1 April 2011

The Board of Directors of Ascom Holding AG has appointed Fritz Mumenthaler as the new CEO of the Ascom Group.
pic-mummentahler-140x153.jpgOn 1 April 2011, he will succeed Riet Cadonau who will take over as CEO of the Kaba Group on 1 July 2011. Fritz Mumenthaler has served as Deputy CEO since 2007; he has an excellent track record with strong international experience and a strongly dedicated customer focus.

Fritz Mumenthaler (52) has been serving as General Manager of the Wireless Solutions division since 2005 and also as Deputy CEO of the Ascom Group since 2007. Prior to that he held various management positions at Siemens Building Technologies and Landis & Gyr. He earned a degree in business administration at the Universities of Berne and Neuchâtel (lic. rer. pol.) and also obtained an MBA from INSEAD in Fontainebleau near Paris.

Fritz Mumenthaler will continue to act as General Manager of the Division Wireless Solutions until a successor has been appointed.

Juhani Anttila, Chairman of the Board of Directors of Ascom Holding AG: The Board of Directors is delighted about the appointment of Fritz Mumenthaler, a strong personality with a wealth of international experience and solid knowledge of the industry, as Ascom's new CEO. Fritz Mumenthaler has successfully headed up the Groups largest division since 2005, has an excellent track record and, thanks to his strong customer focus, will provide the momentum needed to implement Ascoms new growth and profitability targets in the years ahead. At the same time the Board of Directors would like to congratulate Riet Cadonau on his appointment as CEO of the Kaba Group and thank him already today for his successful work as CEO of Ascom."

About Ascom

ascom_logo.gifAscom is an international solution provider with comprehensive technological know-how in Mission-Critical Communication. The company concentrates on core areas as Wireless Solutions (high-value, customer-specific on-site communications solutions), Network Testing (a global market leader in optimization solutions for mobile networks) and Security Communication (applications for security, communication and control systems for infrastructure operators, public security institutions and the army). The company has subsidiaries in 20 countries and a workforce of some 2,300 employees worldwide. Ascom registered shares (symbol ASCN) are listed on the SIX Swiss Exchange in Zurich.
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