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November 28, 2002 | Corporate News | English

Tecan establishes a new regional entity, Tecan Europe, and appoints new Chief Financial Officer of Tecan Group Ltd

  • Franz Rutzer becomes Chief Financial and Operating Officer
    of Tecan Europe
  • Dr Rudolf Eugster appointed Chief Financial Officer of Tecan Group Ltd
  • Establishment of Tecan Europe to strengthen combined European operational activities

Zurich, Switzerland, 28 November 2002 – Tecan (SWX: TECN), a leading player in the Life Sciences supply industry, today announced the establishment of a new regional entity, Tecan Europe. The creation of this new pan-European entity, which includes Tecan’s combined European operations, completes the organisation of Tecan’s sales and distribution activities into four distinct regions: Europe, United States, Asia and the Rest of the World.  Effective December 1st 2002, Franz Rutzer will become Chief Financial and Operating Officer of Tecan Europe, Tecan’s second largest region with sales of CHF 140 million in 2001. Dr Rudolf Eugster has been appointed as Chief Financial Officer of the Tecan Group Ltd. to replace Franz Rutzer.

“The establishment of Tecan Europe will allow us to increase synergies among our various European subsidiaries and to integrate this region into one entity. In his new role at Tecan Europe, Franz Rutzer brings with him in-depth knowledge of Tecan that will be extremely useful as we pursue our business consolidation in Europe,” said Emile Sutcliffe, CEO of the Tecan Group. “On a group level, Franz Rutzer will continue to head our information systems/ information technology (IS/IT) activities and will also retain responsibility for Tecan Trading, our global order processing unit.“

Mr Sutcliffe commented: “We are also very pleased to welcome Dr Rudolf Eugster, who brings more than 10 years business, financial and management experience. He has worked extensively in professional accounting and strategic planning in the commercial sector. This broad international financial and management experience will be invaluable to our company as we meet our business objectives in the coming years.”

Before joining Tecan, Dr Eugster held positions of increasing responsibility at Von Roll, most recently as Chief Financial Officer of Von Roll Isola Composites. Before this, he worked at Sandoz International in strategic planning and as a controller. Dr Eugster has demonstrated success in building a strong financial organisation able to maintain costs in line with business activities.

Dr Eugster, 37, graduated from the Eidgenössische Technische Hochschule (ETH) in Zurich as a chemical engineer and obtained a second degree in business economy. He subsequently obtained his PhD from the ETH in clinical and analytical chemistry.

Franz Rutzer, 42, joined Tecan in 1998 as Chief Financial Officer of the Tecan Group. Before working for Tecan, he held positions in finance and controlling at several multinational companies in Switzerland and abroad where he also acquired in depth experience in IS/IT.  Mr Rutzer holds a business degree from the University of St. Gallen HSG and a diploma as Controller SIB (Schweizerisches Institut für Betriebsökonomie).    

For more information, please contact :

Tecan:

Dr. Emile C. Sutcliffe
Chief Executive Officer
Tel.: +41 (0)44 922 81 11
Fax: +41 (0)44 922 88 89
e-mail: investor@tecan.com
Internet: www.tecan.com

Rochat & Partners:

Rochat & Partners
Christophe Lamps 
Tel.: +41 (0)22 786 54 55
Fax: +41 (0)22 786 54 58
e-mail: clamps@rochat-pr.ch

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