Changes to the FREQUENTIS AG Executive Board

CEO and Company owner Hannes Bardach will move to the Supervisory Board in mid-April 2018, Norbert Haslacher will become new Chief Executive Officer

CEO Hannes Bardach, who has been in the Frequentis management for 35 years, will join the Frequentis Supervisory Board in mid-April, 2018. In the future, his colleagues in the Executive Board - Sylvia Bardach, Hermann Mattanovich, and Norbert Haslacher - will be responsible for the management of Frequentis AG. The function of the CEO will be taken over by the current executive board member for Sales & Marketing, Norbert Haslacher.

For 35 years, Hannes Bardach has held operational responsibility at Frequentis. In 1983, he joined the company as managing director, and in 1986, he took over the company shares. At that time, Frequentis was a small Viennese company with 36 employees and a turnover of EUR 4 million. Since then, Frequentis has continuously grown and today is a globally active group of companies with more than 1,700 employees in over 50 countries.

"In the future, as an active owner and chairman of the Supervisory Board, I will work closely with the Executive Board and contribute to tasks critical to success for the corporate group," Hannes Bardach says. His special focus is on strategy and New Business Development.
The move from the Executive Board to the Supervisory Board has been planned for some time. Bardach looks back on a long-standing and successful cooperation with his current board colleagues. Hermann Mattanovich and Sylvia Bardach remain in their current responsibility as CTO and CFO respectively. The future three-member board has his full confidence to drive further international growth of the Frequentis Group.

Frequentis Group will continue to grow
Norbert Haslacher as his successor in the function as CEO has Bardach’s full support. Since April 2015, as a member of the Executive Board of Frequentis AG, Norbert Haslacher can refer to an impressive track record: Frequentis order intake reached a new high of EUR 288 million in 2017, and Haslacher has already provided significant impetus for the further development of the long term.

Haslacher's many years of experience in the IT sector have a particularly positive impact. Prior to joining Frequentis, he worked about 15 years at CSC (Computer Sciences Corporation), a global IT services company that specialises in software development, infrastructure, web applications, cloud, big data, and cyber security. Haslacher has been able to contribute his extensive software knowledge as well as extensive international experience to the development of the Frequentis Group.

Norbert Haslacher: "I am looking forward to the new challenge and I fully appreciate the trust and recognition that Hannes Bardach has given me as the Frequentis owner. My goal is to expedite the targeted sustained growth of the Frequentis Group and to further expand the product and solution portfolio to meet the requirements of our customers in the safety-critical area. In his new function as Chairman of the Supervisory Board, Hannes Bardach will continue to advise and support the Frequentis Executive Board".