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Männedorf, February 13th 2007 – Tecan today announced that Heinrich Fischer will be nominated as a member of the Tecan Board of Directors on April 19th 2007 at the Annual General Meeting of the Shareholders. He will succeed Heino von Prondzynski who stepped down at the beginning of February. Mr. Fischer, who will be resigning from his job as CEO of Saurer AG at the end of April, has declared his willingness to be nominated as a candidate for the Board of Tecan. Mr. Fischer (56) holds a degree in physics and electrical engineering from the Swiss Federal Polytechnical Institute in Zurich (ETH) as well as a degree in business management from the University of Zurich. He is also a member of the boards of Schweiter Technologies Ltd, Horgen and SIG Holding Ltd, Schaffhausen.
“We had already in 2004 asked Heinrich Fischer to become a member of our Board, but at that time he was operationally too engaged to accept an additional mandate”, says Mike Baronian, Chairman of the Board of Tecan. “We are therefore very happy that he will be at the Board’s disposal. Thanks to his background as an engineer, his proven track record as a CEO especially as it relates to his experience in driving external growth, Heinrich Fischer would be an enormous asset for us. In the Board of Directors he would complement our know-how of the American diagnostics market which we have in the person of the former Johnson&Johnson executive, Gerard Vaillant.” Furthermore we feel, Mr. Fischer’s personality would fit well in Tecan’s Board and he certainly would collaborate very well with the CEO, Thomas Bachmann.
Heinrich Fischer himself sees a significant potential for growth at the life sciences supplier in Männedorf: “Tecan is a very attractive company in an exciting market. With regard to both, its product range as well as its geographical presence, the company has significant potential for further expansion”. With his background and his knowledge especially of the Asian markets, he looks forward to contributing to the realization of those growth opportunities, says Fischer.
Tecan (www.tecan.com) is a leading player in the life sciences supply industry. The company specializes in the development, production and distribution of automation solutions which facilitate the researching of active pharmaceutical compounds, as well as diagnostics, pharmaceutical research and forensics for clients in the life sciences sector. Through its REMP subsidiary (www.remp.com), Tecan is the leading supplier of large-scale automated storage and retrieval systems. Tecan clients are pharmaceutical and biotechnology companies, university research departments and diagnostic laboratories. Founded in Switzerland in 1980, the company has manufacturing, research and development sites in both North America and Europe and maintains a sales and service network in 52 countries. In 2005, Tecan achieved sales of CHF 344.9 million (USD 275.9 million; EUR 222.5 million). Registered shares of Tecan Group are traded on the SWX Swiss Exchange (TK: TECN/Reuters: TECZn.S/Valor: 1210019).
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