Urs Kaufmann and Philipp Buhofer nominated for election to the Board of Directors of Schaffner Holding AG

Media Information

Urs Kaufmann and Philipp Buhofer nominated for electionto the Board of Directors of Schaffner Holding AG

Luterbach, 28 October 2016 – The Board of Directors of Schaffner Holding AG will propose to the 21st Ordinary General Meeting of Shareholders on 12 January 2017 to elect Philipp Buhofer and Urs Kaufmann to the Board of Directors. Urs Kaufmann will be proposed to the General Meeting of Shareholders to be the new Chairman of the Board of Directors. To ensure continuity on the Board of Directors, the current Chairman Daniel Hirschi will remain for one year as an ordinary member of the Board. Philipp Buhofer is to replace Herbert Bächler, who will not stand for reelection. The Board of Directors would like to thank Herbert Bächler for his dedication and commitment over the last eight years.

Urs Kaufmann (1962) is Delegate of the Board of Directors and CEO of the listed company Huber + Suhner AG. He has been at the helm of this international company, which generated consolidated revenue of approximately CHF 700 million, since 2002. Between 1994 and 2002 he held various functions at Huber + Suhner AG. Urs Kaufmann will step down as CEO in 2017 and will become Chairman of the Board of Directors of the company. Urs Kaufmann completed his studies at the ETH Zurich with a diploma in mechanical engineering and graduated from the IMD Business School's Senior Executive Program. Urs Kaufmann serves on the Board of Directors of the listed companies SFS Holding AG, Heerbrugg, and Gurit Holding AG, Wattwil. In addition, he is on the Executive Committee of SWISSMEM.

Philipp Buhofer (1959) has a degree in business economics from HWV Lucerne. Since 2004 he has been a member of the Board of Directors of Buru Holding AG, which has investments in various industrial companies. Buru Holding has been a shareholder of Schaffner Holding AG since 2005, and since 2016 it has held more than 20% of all registered shares through a shareholder’s group, making it the largest shareholder of the company. Philipp Buhofer serves on several Boards of Directors, including as Chairman of the Board of Directors of the listed companies Cham Paper Group AG and Kardex AG as well as Rapid Holding AG.

Contact

Kurt Ledermann

CEO a.i./CFO

T +41 32 681 66 08

kurt.ledermann@schaffner.com

Financial calendar

6 December 2016

12 January 2017

Publication of annual report 2015/16

21st Ordinary General Meeting of Shareholders

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