The Board of Directors of Schindler Holding Ltd. has decided that, as of April 1, 2013, the existing zone structures are to be strengthened, resulting in changes in the composition of the Group Executive Committee. Asia Pacific, India and specifically China now represent more than two-thirds of global demand for new installations in the E&E business. The Board recognises that this market shift, as well as the significant ongoing investment of the Group in China requires a greater allocation of senior management resource. China will therefore be led by a dedicated member of the Group Executive Committee. Mr Thomas Oetterli, currently Head of Europe North will take the new position as Head of China, with overall responsibility for all the Groups operations in China. Mr Thomas Oetterli will report to Mr Silvio Napoli, Head of Asia Pacific who will remain in his current position. Mr Oswald Schmid, currently Head of Schindler Germany, will succeed Mr Thomas Oetterli as Head of Europe North. As a consequence, the Group Executive Committee will as of April 1, 2013, be composed as follows: Jürgen Tinggren, CEO, Erich Ammann, David Clymo, Didier Gaudoux, Albert Haffert, Silvio Napoli, Thomas Oetterli, Miguel A. Rodriguez, Oswald Schmid and Jakob Züger.