CENTROTEC Sustainable AG: New generation takes over at CENTROTEC subsidiary Wolf - Alfred Gaffal moving to Supervisory Board of Wolf GmbH

- Corporate News -

New generation takes over at CENTROTEC subsidiary Wolf -
Alfred Gaffal moving to Supervisory Board of Wolf GmbH

Brilon, April 11, 2011: The largest subsidiary of CENTROTEC Sustainable AG in terms of revenue welcomes a new management line-up: with effect from March 31, after around ten years at the helm, Alfred Gaffal (63) handed over the running of the company to a quartet of highly experienced managers: Christian Amann (Plant/IT), Gerdewan Jacobs (Technology), Rudolf Meindl (Controlling) and Bernhard Steppe (Sales), who is also acting as Management Spokesman.

Under Alfred Gaffal's leadership, Wolf grew in revenue terms from EUR 3 million in 1973 to latterly EUR 290 million. After a brief interlude he returned to the company in 2002, and from that point on very successfully focused the Wolf Group on the future market of energy-saving and energy-efficiency solutions by launching an innovation and quality drive spanning the areas of product development, manufacturing, service, sales and marketing. '2010 was the best year ever in the history of Wolf, and 2011 has also got off to a good start with a healthy rise in revenue,' announced Gaffal, who is taking over as Wolf's Supervisory Board Chairman from Dr Helmut Stodieck, former Management Board member of TUI with responsibility for the Wolf investment. 'After 30 years at the helm of the company, Alfred Gaffal is taking his well-earned retirement and handing over a well-placed company to his successors,' explained CENTROTEC CEO Dr Gert-Jan Huisman, commenting on the change of management at Wolf. In the past few days, Dr Huisman himself has taken over from him as head of the Climate Systems segment, which Gaffal had represented on the CENTROTEC Management Board since 2006.

CENTROTEC Sustainable AG

CENTROTEC Sustainable AG and its subsidiaries enjoy a presence in over 50 different countries. The principal group companies are Wolf Heiztechnik, Brink Climate Systems and Ned Air in the Climate Systems segment, which have specialised in heating, climate control and ventilation technology e.g. in the form of solar thermal systems, heat pumps, CHP units, climate control and ventilation systems with heat recovery for residential and commercial buildings, as well as Ubbink and Centrotherm, which have focused on plastic gas flue and air ducting systems and solar system components in the Gas Flue Systems segment. CENTROTEC is consequently Europe's only listed full-service provider of solar thermal systems and energy-saving solutions for buildings. For further information about CENTROTEC, visit www.centrotec.de.

Wolf GmbH (Mainburg, Germany)

Wolf Heiztechnik is one of Europe's leading suppliers of heating, climate control and ventilation technology. Its extensive product range includes a wide selection of heat-generating systems, as well as solar thermal systems, high-efficiency heat pumps, CHPs and heat recovery ventilation solutions. Wolf is moreover European market leader for climate control and ventilation systems with an air capacity of up to 100,000 m³/h. For further information about Wolf, visit www.wolf-heiztechnik.de.

CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, D-59929 Brilon, Germany
ISIN: DE0005407506, WKN: 540750, home stock exchange: Frankfurt am Main
Indices: SDAX, Prime All Share, Prime Industrial

For further information, contact:
CENTROTEC Sustainable AG, Dr Frank Rose, Tel: +49 (0)2961 96631-104 or
MetaCom Corporate Communications GmbH, Georg Biekehör, Tel: +49 (0)6181 98280-30