Head N.V. Group plans to propose at its Annual General Meeting in May 2009 that Gunter Hagspiel be elected by shareholders as its CFO. Hagspiel has been with Head since 1996 and has held a number of positions within the group. After working for two years in Controlling at the Headquarters in Austria, he spent seven years in the US as Controller and COO. During the last three years Hagspiel held the Group Controller position. Ralf Bernhart will continue to act as the company's CFO until the time of the annual general meeting, and after the AGM he will become Deputy Chairman of the Management Board.
As of Mar. 1, 2009 Mr. Klaus Hotter will assume additional responsibility for Bindings and Ski Boots Production.
As part of this restructuring, Jeremy Sherwood has expanded his role to become Director of Group Sales and Marketing and Rick Lalonde has expanded his role to cover North American Wintersports as well as being General Manager Canada.
Heads tennis ball factory in Phoenix, AZ will close on Mar. 5th, 2009. In January 2007 the company started to manufacturing tennis balls in its new factory in China. Since this time Head N.V. has been increasing the volumes produced by this factory, and it has now made the strategic decision to shut its US facility and manufacture its world wide volume from China.
