Kontron AG appoints Michael Boy as new Chief Financial Officer

Eching near Munich, May 20th 2014 – Kontron AG, a leading global provider of Embedded Computer Technology (ECT), appoints Michael Boy (52) as its new Chief Financial Officer effective 16 June 2014. In his role, he will be responsible for Finance & Controlling, Treasury, M&A, Legal & Compliance, Investor Relations and Internal Audit.

“With Michael Boy, we were able to enlist a dedicated and seasoned finance executive who will complete Kontron’s management team”, said Rainer Erlat, Chairman of the Supervisory Board. “His expertise and broad experience in international companies will take Kontron AG forward in a crucial area of its operations: building up and optimising a modern, global financial management. He will make an important contribution to steering our company into a promising future with sustainable profitability.”

Michael Boy has served as Faber-Castell AG’s CFO (Finance and Controlling) since 2006. In this role, he was responsible for overseeing all commercial activities globally, and for setting up domestic and international companies. Among other things, the trained financial mathematician designed and optimised the company’s finance and controlling functions, thus securing the funding of strong corporate growth. Before that, Michael Boy was a member of the European management team at International Flavors & Fragrances in the Netherlands, where he was Finance Director for the EMEA region. The international scope of his activities was also evident while working for consumer goods company Unilever, where, between 1988 and 2002, he drove the company’s internationalisation as well as efficiency increases of individual divisions.

“Michael Boy’s corporate finance experience will help us strengthen the prospects of our globally operating company during these particularly challenging times, thus promoting the trust of shareholders, clients and companies alike. I very much look forward to working with Michael Boy, and welcome him into our management team,” said Rolf Schwirz, Chief Executive Officer of Kontron AG.

Additional information:
Alexandra Habekost
Kontron AG
Tel: +49 (0) 8165 77 281
Email: Alexandra.Habekost@kontron.com

Harald Kinzler
Tel: +49 69 9218 7465
Email: hkinzler@heringschuppener.com

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