Two mandates to the ANDRITZ AG Executive Board will expire at the end of 2014 and one at the end of the first quarter of 2015. At meeting held on August 28, 2014, the ANDRITZ AG Supervisory Board passed the following resolutions: The mandate of Humbert Koefler, who has been responsible within the Executive Board for the PULP & PAPER (Service and System Solutions) and SEPARATION business areas since April 1, 2007, is to be extended for another five years until March 31, 2020. Friedrich Papst will retire on March 31, 2015, after more than 35 years of service at ANDRITZ - 16 of which were spent as Member of the Executive Board, where he was responsible for the METALS, FEED & BIOFUEL and HYDRO (pumps) business areas, as well as for global procurement and global manufacturing.

The Executive Board mandate of Karl Hornhofer, who was responsible for the PULP & PAPER business areas capital business as well as for global quality and safety management, ends on September 30, 2014. In future, Karl Hornhofer will act as chief representative for sale of large projects in the ANDRITZ PULP & PAPER business area. As of October 1, 2014, Joachim Schoenbeck will take over the areas of responsibility previously held by Karl Hornhofer and, as from April 1, 2015, those held by Friedrich Papst.

Most recently, Joachim was spokesman of the Managing Board for SMS Holding GmbH, Dusseldorf, and also spent many years as President & CEO of SMS Meer GmbH in Moenchengladbach. As from April 1, 2015, the ANDRITZ AG Executive Board will consist of four members: Wolfgang Leitner (CEO); Humbert Koefler; Joachim Schoenbeck; Wolfgang Semper.