Future dorma+kaba Group: designated Members of Executive Committee named

Led by CEO designate Riet Cadonau, the planned Executive Committee of the future dorma+kaba Group now has all but one member in place.

Future dorma+kaba Group: designated Members of Executive Committee named

Ennepetal/Rümlang, 30 April 2015. At the end of April 2015, when the planned merger of Dorma and Kaba was made public, Riet Cadonau, currently CEO of Kaba Group, and Bernd Brinker, currently CFO of Dorma Group, were already announced as designated CEO and CFO of the future dorma+kaba Group. Another six divisional heads, two heads of shared functions and the head of post-merger integration are planned to become members of the Executive Committee.
The following Executive Committee members have been designated:

  • Chief Integration Officer (CIO): Beat Malacarne, currently CFO at Kaba Group;
  • Chief Operating Officer (COO) for the Access Solutions (AS) Americas division: Michael Kincaid, currently COO ADS Americas at Kaba Group;
  • Chief Operating Officer (COO) for the AS Asia Pacific division: Jim-Heng Lee, currently COO ADS Asia Pacific at Kaba Group;
  • Chief Operating Officer (COO) for the AS DACH division: Dieter Sichelschmidt, currently Area President Asia-Pacific & Australia at Dorma Group;
  • Chief Operating Officer (COO) for the AS EMEA division: Roberto Gaspari, currently COO ADS Europe, Middle East & Africa at Kaba Group;
  • Chief Operating Officer (COO) for the Key Systems division: Stefano Zocca, currently COO Key Systems at Kaba Group;
  • Chief Operating Officer (COO) for the Moveable Walls division: Christoph Jacob, currently Area President Mediterranean, Middle East & Africa at Dorma Group; and
  • Chief Technology Officer (CTO) Andreas Häberli, currently CTO at Kaba Group.

The planned appointment of the Chief Manufacturing Officer (CMO) will be announced at a later date.
Riet Cadonau, designated CEO of the dorma+kaba Group, on the planned new Executive Committee: "The merger of Dorma and Kaba is taking concrete form. Nine weeks after the announcement of the merger, we have already largely decided on the designated Executive Committee of the dorma+kaba Group. With this powerful team we will press ahead with the goal-oriented integration of the two companies."
The designated Executive Committee will begin its work once the merger transaction is complete. Subject to approval from the competition authorities, as well as other customary requirements being met, closing of the transaction is expected in the third quarter of 2015. As soon as the merger is complete, the comprehensive preparatory work on integrating Dorma and Kaba will enter the next phase. Taking into account customer and market requirements and the defined synergy objectives, existing organizational structures will be transferred to target structures in regional/country-specific phases scheduled for completion by 1 July 2016.
Detailed information about the designated members of the Executive Committee of the future dorma+kaba Group, as well as the organization structure, can be found in the attachment and on www.dorma.com.

Press Contact Dorma Group
Andreas Pütz
Group Communication
DORMA Holding GmbH & Co. KGaA
T: +49 (0) 2333 793 5660
F: +49 (0) 2333 795 21966

About Dorma
DORMA is the trusted global partner for premium access solutions & services enabling better buildings. With over 100 years of tradition behind it, the company offers holistic solutions covering all facets of door operability – from hinges, closers and floor springs to automatic door systems and time & access control solutions. DORMA also supplies horizontal sliding wall systems. Headquartered in Ennepetal, Germany, the internationally active DORMA Group is represented in more than 50 countries and employs some 7,200 people worldwide.

About Kaba
With its innovative products, systems and services, globally active technology group Kaba is a leading provider of high quality access management solutions, keys, cylinders, physical access systems, enterprise data and time recording, and hotel access systems. The group is also a global market leader for high security locks, key blanks, transponder keys and key manufacturing machines. The stock exchange-listed group (KABN and KABNE) employs around 9,000 people in more than 60 countries. For more than 150 years Kaba has set trends in security and beyond in terms of functionality, convenience and design – and always with a focus on optimum value to customers.

About dorma+kaba
Dorma Group and Kaba Group, based in Rümlang (Switzerland) have announced the merger of their businesses. Pending approval from the competition authorities, and subject to the other standard conditions, this should happen in the third quarter of 2015. Together, dorma+kaba will be one of the top 3 global companies in the market for security and access solutions, with pro forma sales of over CHF 2 billion, and around 16,000 employees.

This communication contains certain forward-looking statements, e.g. statements using the words "believes", "assumes", "expects", or formulations of a similar kind. Such forward-looking statements are based on assumptions and expectations which the company believes to be well founded, but which could prove incorrect. They should be treated with appropriate caution because they naturally involve known and unknown risks, uncertainties and other factors which could mean that the actual results, financial situation, development or performance of the company or Group are materially different from those explicitly or implicitly assumed in these statements. Such factors include:
•    The general economic situation
•    Competition with other companies
•    The effects and risks of new technologies
•    The company's ongoing capital requirements
•    Financing costs
•    Delays in the integration of acquisitions
•    Changes in operating expenses
•    Fluctuations in exchange rates and raw materials prices
•    Attracting and retaining skilled employees
•    Political risks in countries where the company operates
•    Changes to the relevant legislation
•    Realization of synergies
•    Other factors named in this communication
If one or more of these risks, uncertainties or other factors should actually occur, or if one of the underlying assumptions or expectations proves incorrect, the consequences could be materially different from the assumed ones. In view of these risks, uncertainties and other factors, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments. The Company emphasizes that past results and performances cannot lead to conclusions about future results and performances. It should also be noted that interim results are not necessarily indicative of year-end results. Persons who are unsure about investing should consult an independent financial advisor.

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