CEO and President of Wacker Neuson SE to Leave Company

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Dr. Sick is leaving the company as the market shows dynamic signs of a rebound. The group has returned to a growth path with high order intake, positive earnings and an equity ratio in excess of 75 percent. Dr. Sick was responsible for technology in the group for many years. Under his leadership, numerous innovative products were developed and successfully launched.

"Under Dr. Sick’s management, the group experienced strong organic growth, flanked by successful acquisitions and culminating in the merger with Neuson Kramer AG, a move that was extremely well received by the market," said Hans Neunteufel, chairman of the supervisory board. "The supervisory board regards the long-term alliance with Caterpillar, which was finalized a few weeks ago under Dr. Sick’s leadership, as a significant milestone in the company’s future development. We regret Dr. Sick’s decision to leave the company and have asked him to continue as CEO until the end of the year."

"I am proud to have been able to serve the group during an extremely interesting period of growth that was only briefly interrupted by the economic downturn," said Dr. Sick, who will stay on until the close of 2010. "In addition to tackling various technology challenges, I was particularly keen to drive the company’s transition from a hidden champion to a strong capital market player while retaining its corporate culture. Company finances are strong. We have established a prime position in markets across the globe and have highly qualified managers and staff on board.

"The other members of the executive board are committed long term to the company. So this seems to be the right time for me to take on new challenges again."

About Wacker Neuson
Wacker Neuson SE is a global manufacturer of light and compact equipment. With more than 30 affiliates and 180 sales and service stations across the globe, the company offers an exceptionally broad product portfolio. Manufacturing activities are distributed across three German, one Austrian, two American and one Philippine production sites. Almost all products manufactured by the company are branded Wacker Neuson. The only exceptions to this in Europe are Kramer Allrad products and Weidemann-branded agricultural machinery. With more than 300 product categories and complementary rental, spare parts and repair services, Wacker Neuson is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in the industrial and recycling sectors.