Jochen Nutz, currently CFO, will assume responsibility for the day-to-day business of the Walter Meier Group as Group COO effective July 1, 2012. He will also continue to perform the duties of CFO alongside his new role. Jochen Nutz has headed up the Finance & Controlling Corporate Center as CFO since November 2008, and as a Member of Group Management he already has extensive responsibility over operations. Based on his outstanding performance, the Board of Directors of Walter Meier has decided to promote Jochen Nutz to Group COO (Chief Operating Officer) effective July 1, 2012.