TRUMPF Group announces management changes

October 20, 2005

TRUMPF has long been preparing for the generation change. Today it became official. As the German machine tool manufacturer and laser specialist announced today at its annual press conference, Professor Berthold Leibinger is stepping down from his chairman position in the international company group and assigning it to the family's next generation.

On November 18, 2005, after 40 years leading the company, Professor Berthold Leibinger will resign from his position as president of the TRUMPF Group, the company announced today. He will move to the Supervisory Board of the Group and assume the chairmanship there.

A four-member team will run TRUMPF GmbH + Co. KG, the holding company of the TRUMPF Group.

Dr. Nicola Leibinger-Kammller will become new president of the Group. She will continue to be responsible for corporate communications and also hold the title labor director for personnel matters. The PhD graduate is Leibinger's oldest daughter. Since 1985 she has been working in various management functions within the company, including three years at TRUMPF's Japanese subsidiary. Nicola Leibinger-Kammller will remain managing director of the Berthold Leibinger Stiftung, which she has overseen since 1992.

Executive vice president and vice chairman of the Managing Board will be Peter Leibinger, Berthold Leibinger's son, who has been head of the Laser Technology Business Division since 2000. He has been appointed head of the Electronics Business Division and also will oversee research and development and new business divisions. From 1999 to 2003, Peter Leibinger presided over the largest foreign subsidiary of the corporate group, TRUMPF Inc., USA.

Executive Vice President Dr.-Ing. Mathias Kammller heads the Machine Tool and Power Tools Business Divisions and oversees procurement, production and quality. Kammller is Leibinger's son-in-law and has been working for the company since 1990.

As CFO and executive vice president, Harald Vlker oversees finances and IT and heads up the Medical Technology Business Division. Vlker, who came to TRUMPF in 1990, has been CFO of TRUMPF GmbH + Co. KG since 2001.

"I am thankful to have found such qualified successors within our company," said Professor Leibinger during the press conference. "They have been with the company for many years in positions of responsibility. And they have proven themselves well in their quite varied jobs. I am convinced that they not only have the necessary professional qualifications, but that in terms of character, they will fully meet the expectations and continue to successfully run this family business in the spirit in which I have sought to operate".

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