PUMA appointed Klaus Bauer as a member of the board of management, effective August 1, 2009, and said he will assume the newly created position of chief operating officer (COO). At the same time, chief financial officer (CFO) Dieter Bock (50), who has been with PUMA since 1979 and a member of the board of management since 2005, will resign from the board due to his personal life planning.
As the new COO, Bauer, 53, will take over responsibility for Finance, Controlling, Legal, Operations, Logistics, IT, and Human Resources on August 1. Bauer, who has a degree in business administration, has been working for PUMA for 20 years in different positions. In his current role as Senior Executive Vice President he is responsible for IT, Operations, Logistics and regional as well as strategic projects related to company expansion. Dieter Bock will remain in charge of Finance until he leaves the company on July 31, 2009, hence ensuring a smooth transition and hand-over to his successor.
Jochen Zeitz, Chairman and CEO of PUMA AG: “We are pleased to welcome Klaus Bauer as a new Member to the Board of Management of PUMA AG in August this year. He brings along an extensive experience in different management positions within PUMA and has an outstanding knowledge of organizing, leading and managing the full range of operational business processes.
We regret that Dieter Bock has made the decision to leave the company and are grateful for his successful work at PUMA for many years. In more than 30 years that he has been with the company, he achieved a great track record and contributed significantly to the company's financial performance in the last years and PUMA's current solid financial position.”
