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July 2008

DYWIDAG-Systems International (DSI) appoints new CEO and CFO

Aschheim, July 08. DYWIDAG-Systems International (DSI) is pleased to announce the appointment of two senior executives. Alan Bate has been appointed Group Chief Executive Officer (CEO) in succession to Howard Poulson, the company’s chairman and acting CEO, and Paul Taaffe as the company’s Chief Financial Officer (CFO).

Prior to his appointment, Alan Bate was Executive Vice President, responsible for ICI’s Adhesives and Electronic materials businesses. As part of the deal by Akzo Nobel to acquire ICI, Akzo Nobel concluded the “on sale” of these specific ICI businesses to Henkel Group. The latter completed on 2nd April. In his former role, Alan Bate was responsible for a global business with sales of 1.5 billion Euros and 4,000 employees. He was a member of the board of the former National Starch since 1993 and was an executive officer of Acheson Industries prior to its acquisition by ICI in 1997. Alan Bate is British, married and has two children.

The new CFO Paul Taaffe has in depth experience in the private equity sector, working as CFO of the VIATRIS Group sold by Degussa in 2002 and most recently as Group CFO at AKSYS the private equity owned automotive Group. Among other professional positions, the 48-year old Irishman was previously European Vice President of Finance at LEAR Corporation and General Manager Footwear at NIKE Central Europe. Paul Taaffe is married, resident in Germany and has two children.

Howard Poulson, Chairman of DSI, said: “DSI has become a global player and I am extremely pleased that we have gained two internationally experienced managers of this calibre for the positions of CEO and CFO. Alan Bate has held a number of positions of responsibility in Europe, the USA, and Asia, and is the ideal candidate for the demanding role of leading the DSI Group in its future expansion. Paul Taaffe brings with him experience not only of multinational groups, but also of the private equity sector. His active participation in numerous mergers and acquisitions is a real plus for DSI.”

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for more information please contact:             
DYWIDAG-Systems International
  Gerhard Kahr
  Phone: + 49 89 309050 241


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