VINCOTECH APPOINTS NEW MEMBER INTO MANAGING BOARD

Vincotech announced that Eckart Seitter has been appointed the new Managing Director of Vincotech GmbH. He will take on this new position on November 1, 2013, to reinforce the current Management Board of Joachim Fietz (CEO) and Ralf Meinardus (CFO). He has held several leading positions in marketing and sales after joining Vincotech more than 14 years ago. Eckart Seitter is a seasoned executive with an impressive track record. His performance and vision have been influential for the company and are an integral part of Vincotech’s success. Mr. Seitter will also remain Senior Vice President Global Sales & Marketing. “We are excited to have Eckart Seitter join the Management Board,” said Joachim Fietz, CEO of Vincotech. “With his tremendous business and leadership skills, his strategic insight and customer-focused mentality, he will help to further advance Vincotech’s profitability and success in the market. “ Speaking about his new role, Mr. Seitter stated “I am happy to be joining and look forward to working with my colleagues on the Management Board. We aim to set the course for further global growth, drive the development of Vincotech, a strong brand within the Mitsubishi Electric Corporation, and live up to our commitment of fulfilling customer requirements quickly and flexibly." Eckart Seitter holds a bachelor's degree in engineering from Esslingen University of Applied Sciences and a master’s degree in international marketing from Reutlingen University.