CAS Establishes New Supervisory and Management Boards; Sets the Stage for Continued Global Growth

By: Manoj | 20 Nov 2008 8:30 am

KAISERSLAUTERN, Germany, ATLANTA, and SYDNEY, Australia, Nov 18, 2008 /PRNewswire via COMTEX/ -- CAS Restructures From GmbH To AG Company Status

CAS AG, the leading global provider of demand side management solutions for the consumer products industry, today announced it has restructured the Company from GmbH (Gesellschaft mit beschrankter Haftung) to an AG (Aktiengesellschaft) status. Under the terms of German legal requirements for an AG company status, CAS has, amongst other things, developed and established a Supervisory Board, a Management Board and new company shareholder classifications. CAS has now fulfilled all of these requirements.

"Today's announcement marks a significant milestone for CAS," said Stefan W. Joneck, Global CEO of CAS. "Throughout CAS' twenty-three year history, we have developed a strong reputation and heritage as the leading demand side management solutions company for the consumer goods industry. CAS' decision to restructure the company's status as an AG further underscores our strategic vision, industry leadership, commitment and dedication to our customers, partners and employees as we continue to enhance our solutions and services offerings, grow our teams and operations globally, and prepare the company for future transactional ventures."

As part of fulfilling the requirements of the AG company status, CAS has nominated the following industry leaders to its Supervisory Board:

    --  Senator e.h. Klaus-Dieter Laidig (Chairman of the Supervisory Board):  A
        senior executive with a long career ranging from banking to a successful
        leader with Hewlett Packard.  He was responsible for developing the
        company's commercial computer business in Europe and was a
        Geschaeftsfuehrer of Hewlett-Packard Germany.  Among other Board
        appointments, Mr. Laidig was a member of the SAP Supervisory Board from
        1996 until 2003.  Today, Klaus-Dieter Laidig is a managing partner of
        Laidig Business Consulting GmbH.

    --  Senator e.h. Dr. h.c. Hans-Werner Hector:  Was a co-founder and member
        of the Board of Directors of SAP AG.  From 1992 through June 1995 he was
        CEO, president, and vice chairman of SAP's U.S. Subsidiary, SAP
        America, Inc. He has played a leading role in the growth of SAP AG from
        startup to today's international public company success as the
        world's third-largest independent software vendor and market leader
        in standard business software applications.  He has also been an
        associate of CAS since 1999.

    --  Prof. Dr. Hans-Jorg Bullinger (Deputy Chairman of the Supervisory
        Board):  A distinguished professor of Industrial Science and Human
        Engineering in Germany.  Prof. Bullinger has dedicated his profession to
        helping companies harness the rewards of true innovation. Today he is a
        renowned thought leader and sits as the President of the
        Fraunhofer-Gesellschaft, the biggest German research institute dedicated
        to driving innovation in private and public enterprises.

    --  Matthias K. Joneck:  Is the Global Chief Technology Officer of CAS,
        leading the company's product development in Europe and the U.S.
        Mr. Joneck has over 30 years of experience in software engineering and
        over 18 years technical consulting background.

    --  Wolfgang Schlachter:  Has over 20 years of experience as an independent
        certified tax consultant and 9 years as a managing partner of the misch
        + schlachter gmbh steuerberatungsgesellschaft in Zweibrucken. For the
        last 20 years Mr. Schlachter has been a tax advisor to CAS and other
        family-owned enterprises. His consulting focus is around the design and
        implementation of strategic tax solutions, tax planning, business
        consulting and international accounting.

    --  Dr. Andreas Wiedemann:  For more than 10 years, Dr. Wiedemann has been
        advising family-owned enterprises in conceptual questions regarding
        succession planning, corporate restructuring, mergers and acquisitions,
        as well as general Stock Corporation and capital markets.  He is a
        partner of Hennerkes, Kirchdoerfer and Lorz law firm.

Under the newly formed Company structure, the following CAS executives will serve on the CAS Management Board: Stefan W. Joneck, Global CEO, Matthias K. Joneck, Global CTO, Todd Fryburger, North America CEO, Markus Hoffman, APAC President, Henning Fromme, EMEA President, Adrian Goodliffe, GVP Sales, Andreas Umhauer, GVP Finance, Dr. Andreas Enders, GVP Product Marketing and Kathryn Gramling, GVP Corporate Marketing. Earlier this year, CAS expanded its operations, appointing several consumer goods industry veterans to key management positions including Davis Bennett, VP Services Americas, Addie Bourne, VP Marketing Americas, Stephen Fowler, VP Sales EMEA and Anthony Bigornia VP Product Strategy. CAS also recently announced the launch of its CAS Global Services and CAS Alliances Program offerings to further enhance IT implementation partnerships and collaboration. About CAS

CAS is the leading, global provider of demand side management solutions for the consumer products industry. With more than 20 years of industry specific experience, CAS has unrivalled expertise in delivering solutions that manage profitable growth across the customer facing enterprise. To enable this, the CPWerx(TM) solution supports a multi level architecture of transactional, analytical and optimization technology. By supporting closed loop business processes, CPWerx delivers integrated solutions to meet the most demanding requirements of the industry - including Trade Promotion Management, Field Sales Management and Category Management. CAS customers include leading consumer products companies such as Beiersdorf, Campbell Soup Company, Coty, Danone, Dr. Oetker, Electrolux, Henkel, InBev, and Molson Coors. CAS has global headquarters in Germany with offices in North America, Europe, Asia and Australia. For further information please visit