ALBA Group continues to push forward with integration along the value creation chain / Waste Operations and Trading & Processing segments to be combined into one division

The Board of Directors of ALBA Group, one of the worlds’ leading groups in recycling and raw materials supply, is reorganising the business divisions of its 9000-employee group. The segments of Waste Operations and Trading & Processing are being combined under single management effective immediately. The aim is to continue the closer internal networking already begun in these business fields all along the value creation chain.

Dr Eric Schweitzer (46), also CEO of ALBA Group, and Martin Becker-Rethmann (43), the Board member responsible for the Trading & Processing division since August of 2009, will assume joint management of the new division of Waste Operations and Trading.

Due to this internal reorganisation, Hermann Holstein (57), engaged in management positions in the ALBA Group since the beginning of 2006 and the member of the Board of Directors of ALBA Group responsible for the Waste Operations segment since April 1, 2008, will resign as Member of the Board effective January 18, 2012. He will assume responsibility for future international growth of the Group in the field of Waste Operations.

Responsibilities in the remaining divisions will stay the same. The Board of Directors of ALBA Group’s holding company shall, therefore, consist of six rather than seven members in future.

Dr Axel Schweitzer, CEO of ALBA Group: “We wish to offer Hermann Holstein our heartfelt thanks for his outstanding work and untiring commitment as member of the Board of Directors. The success of his dedication is evident above all from the extremely positive developments in the segment of Waste Operations under his leadership in these past few years. We are, therefore, convinced that he will continue to contribute significantly to ALBA Group's further development in his new area of responsibility."

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