Oerlikon nominates Mikhail Lifshitz to BoD

Mr. Mikhail Lifshitz (born 1963, Russian citizen) is currently Director High-tech Assets Business Development of the Renova Group (since 2009), CEO of ROTEC, a company of the Renova Group which provides engineering services in the power sector (since 2010), and Chairman of the Board of Ural Turbine Works, a company of the Renova Group (since 2012). In addition Mikhail Lifshitz is Chairman of the Board of Technopark Skolkovo, Board member of DATADVANCE (an EADS company) and Owner of “Global Edge” Group of Companies, where he served as President from 2001 – 2009. Mr. Lifshitz holds a graduate degree in Electronic Engineering from Moscow State Technical University.

As previously announced, Wolfgang Tölsner and Reyad Fezzani have decided not to stand for reelection. After the election of the proposed Board candidate, Oerlikon’s Board of Directors would comprise six members of whom three (Kurt J. Hausheer, Gerhard Pegam and Hans Ziegler) are not affiliated with the Renova Group, and three (Tim Summers, Carl Stadelhofer and Mikhail Lifshitz) are affiliated with Renova, currently Oerlikon’s largest shareholder.

Oerlikon