Kapsch TrafficCom board member Erwin Toplak switches from being an executive board member to a consulting function at the end of his term in office

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Vienna, March 14, 2014 – The term in office of Erwin Toplak as a member of the executive board of Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, expires at the end of March 2014. From the beginning of April 2014 Mr. Toplak will support the company in a consulting function. Franz Semmernegg, chairman of the supervisory board, sincerely thanks Mr. Toplak for his excellent work and is looking forward to continued success with Mr. Toplak in his new role.

A replacement for Mr. Toplak in his function as member of the executive board will not be made at this time.

Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the application fields of road user charging, urban access and parking, road safety enforcement, commercial vehicle operations, electronic vehicle registration, traffic management and V2X cooperative systems. Kapsch TrafficCom covers with end-to-end solutions the entire value creation chain of its customers as a one-stop shop, from components and subsystems to their integration and operation. The solutions of Kapsch TrafficCom help to provide funding for infrastructure projects, to increase traffic safety, to optimize traffic flow, and to reduce environmental pollution from traffic. The core business is to design, build and operate electronic toll collection systems for multi-lane free-flow traffic. References in 43 countries on all continents make Kapsch TrafficCom a recognized supplier of electronic toll collection worldwide. As part of the Kapsch Group, a family-owned Austrian technology group founded in 1892, Kapsch TrafficCom, headquartered in Vienna, Austria, has subsidiaries and representative offices in 33 countries, has been listed on the Vienna Stock Exchange (KTCG) since 2007, and generated with more than 3,000 employees revenues of EUR 488.9 million in fiscal year 2012/13.

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Additional information:

Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50811 1120
E-mail: ir.kapschtraffic@kapsch.net

 

News Source : Kapsch TrafficCom board member Erwin Toplak switches from being an executive board member to a consulting function at the end of his term in office

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