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[February 2006]

New RHI Chairman from January 2007


The President of the Supervisory Board of RHI AG (Vienna, Austria), Michael Groeller, reported a unanimous vote to extend the Board of Management from three to four members as of January 2007. CEO Dr Helmut Draxler will leave the Board of Management of RHI AG at his own request when his existing contract expires in January 2007. He declined the offered contract extension for personal reasons.

Dr Andreas Meier, currently Deputy CEO, was appointed Dr Draxler's successor. Responsible for the global refractories activities of the group, Dr Meier played a decisive role in the successful path of RHI Refractories to become world market leader, said the company.

Dr Eduard Zehetner will remain Chief Financial Officer with extended responsibilities. His contract was renewed in 2005 and this month he was appointed Deputy CEO as of 1 January 2007.

The RHI Group will in future continue to expand as a company solely focused on refractories and enhance its leading position in the world market after the sale of the Heraklith division.

Dr Giorgio Cappelli and Dr Manfred Hoedl, both successful managers in the RHI Group over many years, were appointed deputy board members with effect from 1 January 2007 to enforce customer and market development.

Dr Cappelli will be responsible for the steel sector and Dr Hoedl for the industrial sector, which comprises cement, lime, nonferrous metals, energy and environmental technology.

www.rhi-ag.com



ENDS


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