SMARTRAC Announces New Management Board Structure

Christian Uhl, already being a director A of SMARTRAC, has been appointed on Dec. 5, 2012 as (co-)chairman of the company. Nigel Sealey will be formally appointed to the position of co-chairman of the company after his appointment as director A by an extraordinary general meeting of shareholders to be held on Jan. 22, 2013. Both will continue to perform their functions as CFO and COO, respectively.

Uhl joined SMARTRAC in May 2006 as director corporate accounting, controlling and finance. Since April 1, 2008, he has been member of the group Executive Team and holds the management position of group chief financial officer (CFO). He holds a degree in business administration from the University of Bayreuth, Germany.

Sealey joined SMARTRAC in April 2012 as group chief operations officer (COO) and member of the group Executive Team, coming from Oberthur Technologies, where he held the position as global operations director since 2004 joining Oberthur in 2000. Sealey graduated in materials science; mechanical and production engineering from GLOSCAT (now Gloucestershire University), England.

In their role as co-chairmen of the Management Board, Uhl and Sealey will work closely with both the Supervisory Board and the group Executive Team of SMARTRAC to implement the 2013 strategic plan for the company, targeted at accelerating profitable revenue growth and enhancing the overall profitability of the company.

It is planned to appoint Richard Smith, managing director at One Equity Partners, as a member of the Supervisory Board at the extraordinary general meeting to be held on January 22, 2013. This supersedes the earlier announced plan to appoint Gregory O’Hara CEO of SMARTRAC. O’Hara will provide consultancy services to One Equity Partners and will advise SMARTRAC on the development of new business opportunities.