NORD Holding

NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hanover, heads into the second half of 2005 with a change in the supervisory board. Thomas Mang (Hanover), the president of the Lower Saxony Savings Bank Association, and Henrijk Bujak (Utrecht), founder of the Dutch UPM Group, have been elected as new members. Mang succeeds Dr Hubertus Haller, long standing chairman of the board of the Hildesheim Regional Savings Bank. Bujak succeeds Vincenz Wagner, the Weinheim entrepreneur who died in January. Mang's election underlines NORD Holding's special relationship with the savings banks in North Germany. Bujak possesses many years of experience in the international private equity arena, which he can bring to the table during his activities for the supervisory board. The new deputy chairman of the supervisory board is Dr Josef Bernhard Hentschel, head of the Osnabrück Savings Bank. Dr Hans Vieregge continues as chairman of the supervisory board, his main role is that of deputy to the chairman of the board of the North German State Bank in Hanover.

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