MANAGERIAL CHANGE AT Heinzel Holding GMBH

Vienna, May 10, 2012 – Heinrich Georg Stahl, the long-serving Heinzel Holding GmbH CFO, is transferring to the EMACS Privatstiftung, where he will assist investment activities in the areas of agriculture, energy generation and leasing. As from August 1, 2012, M. Stahl’s successor as the Heinzel Holding GmbH CFO will be the Estonian-born Riia Sillave.
 
Both during and after her business administration studies at the Ludwig-Maximilians-University in Munich, Ms Sillave, née Ratnik, worked as a controller at Webasto Thermosysteme Int. GmbH. In 2004, she then joined the Heinzel Group, where as the AS Estonian Cell CFO, she has made a major contribution to the build-up of the pulp mill in Kunda, which has been operating successfully for the past five years. Riia Sillave is 38, married and the mother of two children.

Alfred Heinzel

“I would like to thank M. Stahl for his decisive contribution to the success of Heinzel Holding GmbH in recent years. In Riia Sillave, we have been able to obtain a worthy successor as CFO. For more than six years, she was jointly responsible for the successful development of our Estonian pulp mill as its CFO and is therefore very well acquainted with the Heinzel Group.”
Alfred Hannes Heinzel, CEO, Heinzel Holding GmbH

The Heinzel Group
 
The Heinzel Group, which is united under the Heinzel Holding umbrella, ranks with its subsidiaries Zellstoff Pöls AG (Austria) and AS Estonian Cell (Estonia) and its participation in Biocel Paskov a.s. (Czech Republic), among the largest producers of market pulp in Central and Eastern Europe. The Group’s trading division includes Wilfried Heinzel AG, a globally active pulp and paper trading company, and Europapier AG, the leading paper merchant in the CEE region. The Group’s successful growth is based on the fulfilment of the highest customer demands with regard to quality and efficiency.
 
 
For additional information or inquiries, please contact:
 
Alfred Heinzel
Heinzel Holding GmbH
Wagramer Strasse 28–30
1223 Vienna
Phone +43-1-260 11-401
Fax +43-1-260 11-402
office@heinzel.com
www.heinzel.com