Press release from: 05 December 2012
SMARTRAC Announces New Management Board Structure
Christian Uhl, already being a Director A of the Company has been appointed on December 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 January 22, 2013. Both will continue to perform their functions as CFO and COO respectively.
Christian 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). Christian Uhl holds a degree in business administration from the University of Bayreuth, Germany.
Nigel 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. Nigel 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, Christian Uhl and Nigel 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 Mr. Gregory O’Hara Chief Executive Officer of SMARTRAC. Mr. O’Hara will provide consultancy services to One Equity Partners and will advise SMARTRAC on the development of new business opportunities.
The Members of the Supervisory Board and One Equity Partners, SMARTRAC’s majority shareholder, fully support the new Management Board structure and the expanded responsibilities of Christian Uhl and Nigel Sealey. They also welcome Mr. O’Hara’s involvement and personal commitment to the future development of SMARTRAC.
SMARTRAC is the leading developer, manufacturer, and supplier of RFID and NFC transponders and inlays. The company produces both ready-made and customized transponders and inlays used in access control, animal identification, automated fare collection, border control, RFID-based car immobilizers, contactless payment cards, electronic product identification, industry, libraries and media management, laundry, logistics, mobile and smart media, public transport, retail, and many more.
SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs some 4,000 employees and maintains a global research and development, production, and sales network.
If you have any questions, please contact:
Head of Corporate Communications & Marketing
Phone: +31 20 30 50 157
All forward-looking statements contained in this press release are based on assumptions, planning, and forecasts at the time of publication of this press release. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions, and other factors may cause the actual results to be materially different from the assumptions, planning, and forecasts at the time of publication of this press release. Therefore, SMARTRAC N.V. does not assume any responsibility relating to forward-looking statements contained in this press release. Furthermore, SMARTRAC N.V. does not assume any obligation to update the forward-looking statements contained in this press release.