The board of directors of Logwin AG has appointed Sebastian Esser, member of the company's Executive Committee with effect from January 1, 2014. Mr. Esser will be assuming the responsibility of Chief Financial Officer. The current CFO, Dr. Antonius Wagner, will be appointed CEO following the Annual General Meeting on April 9, 2014.

Mr. Esser has already held various senior management positions within the Logwin Group since 2003. As Director Finance (Group Treasury and Investor Relations) he coordinated all group capital market activities between 2006 and 2009 and was responsible in particular for reorganising the Group's financing. As Director Finance he has been responsible for the commercial functions at business unit Europe Middle East in the business segment Air + Ocean since 2009.