u-blox AG: New Composition of Board of Directors and Executive Committee Montag, 14. Januar 2019 - 20:00

u-blox AG / Key word(s): Change of Personnel
u-blox AG: New Composition of Board of Directors and Executive Committee

14.01.2019 / 20:00

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Press Release


New Composition of Board of Directors and Executive Committee


Thalwil, Switzerland - January 14, 2019 - u-blox (SIX:UBXN), a global
provider of leading positioning and wireless communication technologies,
today announced the following:


Board of Directors
Professor Dr Gerhard Tröster and Dr Paul Van Iseghem will retire and
therefore not stand for re‑election as board members at the upcoming Annual
General Assembly on April 25, 2019. Both have been instrumental over many
years in the development of the company: Professor Dr Gerhard Tröster as
founding professor since u-blox was spun off from the ETH, and Dr Paul van
Iseghem as Vice-Chairman since 2011.
We are very pleased to announce that the board will propose the following
candidates for election:

- Dr Annette Rinck as non‑executive director to join the Board of Directors
of u‑blox Holding AG, and

- Markus Borchert as non‑executive director to join the Board of Directors
of u‑blox Holding AG.

Executive Committee
u-blox also announces that Daniel Ammann, member of the Executive Committee
and responsible for the Positioning and Short-Range Radio product centers,
has decided to leave the company. The Board of Directors regrets Mr Ammann's
departure and thanks him for his significant contribution over the past two
decades both as a co-founder and Executive Committee member. The Board of
Directors wishes him the very best in his future endeavors.

In parallel, the Executive Committee will be reorganized to combine all
product centers in one group which will be headed by Andreas Thiel. Mr Thiel
is already member of the Executive Committee, as well as being a co-founder
of u-blox, and is currently responsible for the product center Cellular, as
well as heading the IC design department. Thereafter, the Executive
Committee will be composed of five members: Thomas Seiler, CEO, Roland Jud,
CFO, Andreas Thiel, Head of Product Centers, Jean-Pierre Wyss, Head of
Production and Quality, and a new member, Head of Sales, a role previously
taken by Thomas Seiler. The new role will focus on providing strong
leadership and strategic guidance in the development of u-blox's commercial
interests and will allow Mr Seiler to focus on the strategic vision and
innovation. The search for the latter position is in progress.


About Dr. Annette Rinck
Dr Annette Rinck holds a PhD in Applied Economics and Communications Science
from the University of Leipzig, a master's degree in Communications Science
from the Ludwig-Maximilian's University in Munich, Germany, and a diploma in
medical technical science.

She is General Manager for the Saia Burgess Controls and CentraLine Building
Management System brands of Honeywell, a Fortune 100 global
software-industrial company. Since 2014, she has held various positions at
Honeywell, most recently in Process Solutions / Smart Energy and Automotive
units.

From 2011 to 2014, Dr Annette Rinck was EMEA Vice President Strategic
Marketing & Key Account Management at Eaton Electrical Industries, and GM
for the German subsidiary.

From 1995 to 2011, she held management positions in Sales, Marketing and
Strategic Planning at Caterpillar, DHL and BMW Group, and led significant
turnaround and M&A programs.

Dr Annette Rinck has held board positions in various leading industry
associations focused on IoT / Industry 4.0. She is a citizen of Switzerland
and Germany.


About Markus Borchert
Mr Borchert has more than 25 years of international experience in the
telecommunications, IT and IT services industries. He holds a Master's
degree in Electrical Engineering from the Technical University of Munich and
an MBA from the Massachusetts Institute of Technology as member of the Sloan
Fellows Program.

Presently he serves as CEO of Nokia Shanghai Bell and President of Nokia
Greater China. From 2015 to 2018, Mr Borchert was leading the European
operations of Nokia. During his first assignment to China from 2010 to 2014,
Mr Borchert received the national China Friendship Award, the highest honor
for foreign nationals working in China. Earlier leadership positions with
Nokia and Siemens include roles in global sales, strategy, marketing,
portfolio management, business unit management and key account management.

Mr Borchert also serves as President of DIGITALEUROPE, Europe's largest
industry association for the digital sector, and as Chairman and Vice
Chairman of the board of several joint venture companies of Nokia. He is a
citizen of Germany.


About u-blox
u-blox (SIX:UBXN) is a global provider of leading positioning and wireless
communication technologies for the automotive, industrial, and consumer
markets. Their solutions let people, vehicles, and machines determine their
precise position and communicate wirelessly over cellular and short range
networks. With a broad portfolio of chips, modules, and a growing ecosystem
of products supporting data services, u-blox is uniquely positioned to
empower its customers to develop innovative solutions for the Internet of
Things, quickly and cost-effectively. With headquarters in Thalwil,
Switzerland, the company is globally present with offices in Europe, Asia,
and the USA.


Find us on Facebook, Google+, LinkedIn, Twitter @ublox and YouTube


u‑blox contact:
Thomas Seiler, Chief Executive Officer
Phone +41 44 722 7422
thomas.seiler@u-blox.com


Roland Jud, Chief Financial Officer
Phone +41 44 722 7425
roland.jud@u-blox.com


u‑blox AG
Zürcherstrasse 68
8800 Thalwil
Switzerland
Phone +41 44 722 74 44
Fax +41 44 722 74 47
info@u-blox.com
www.u‑blox.com


Disclaimer
This release contains certain forward-looking statements. Such
forward-looking statements reflect the current views of management and are
subject to known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements of the u-blox Group to
differ materially from those expressed or implied. These include risks
related to the success of and demand for the Group's products, the potential
for the Group's products to become obsolete, the Group's ability to defend
its intellectual property, the Group's ability to develop and commercialize
new products in a timely manner, the dynamic and competitive environment in
which the Group operates, the regulatory environment, changes in currency
exchange rates, the Group's ability to generate revenues and profitability,
and the Group's ability to realize its expansion projects in a timely
manner. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those described in this report. u-blox is providing the
information in this release as of this date and does not undertake any
obligation to update any forward-looking statements contained in it as a
result of new information, future events or otherwise.