The good prospects are based on the all-embracing ... - ALNO AG

Supervisory Board's checks, the Supervisory Board has no
objections to the Board of Management's declaration at the
end of the report concerning relations between ALNO AG
and affiliated companies.
CorPoraTe GoverNaNCe
In the financial year just ended, the Supervisory Board also
considered the further development of corporate governance
principles in the ALNO Group, with due regard for the
German Corporate Governance Code in the version dated
26 May 2010.
<strong>The</strong> report of the Board of Management and Supervisory
Board on corporate governance by ALNO AG can be found
in conjunction with the management declaration on pages
52 onwards. On 30 September 2011, the Board of Management
and Supervisory Board published a new declaration
of compliance in respect of the recommendations of the
"Government Commission on the German Corporate Governance
Code" as required by Section 161 of the Stock
Companies Act (AktG). This declaration can be found on
pages 52 onwards in this Annual Report and is permanently
accessible to sh<strong>are</strong>holders via the website www.alno.de.
ChaNGes IN <strong>The</strong> Board of MaNaGeMeNT aNd
suPervIsorY Board
Mr. Armin Weiland gave notice in a letter dated 6 June
2011 that he would resign his mandate in the Supervisory
Board of ALNO AG effective from the end of the Annual
General Meeting on 14 July 2011. Mr. Christoph Maass
likewise gave notice in a letter dated 30 May 2011 that
he would resign his mandate in the Supervisory Board of
ALNO AG effective from the end of the Annual General
Meeting on 14 July 2011. At the Annual General Meeting on
14 July 2011, Ms. Ruth Falise-Grauer and Mr. Norbert Orth
were elected to the Supervisory Board as new members
representing the sh<strong>are</strong>holders.
<strong>The</strong> Supervisory Board thanks the retired members for their
work and their commitment.
At the extraordinary Supervisory Board meeting on 6
April 2011, Mr. Jörg Deisel and Mr. Michael Paterka were
dismissed from the Board of Management of ALNO AG.
to ouR shaREhoLdERs | REpoRt oF thE supERvisoRy BoaRd
<strong>The</strong> Supervisory Board appointed Mr. Max Müller as Chief
Executive Officer (CEO) of ALNO AG with immediate effect.
Mr. Müller has been chairman of the supervisory board of
Comco Holding AG and Starlet Investment AG since 1993.
Mr. Christoph Fughe was also appointed member of the
Board for sales and marketing with immediate effect. Before
his appointment, Mr. Christoph Fughe worked for ALNO AG
as Manager Group Sales.
At an extraordinary meeting on 13 July 2011, the Supervisory
Board cancelled the appointment of Mr. Jörg Artmann
as member of the Board of Management of ALNO AG with
immediate effect and relieved him of his contractual duties.
<strong>The</strong> Supervisory Board appointed Ms. Ipek Demirtas Chief
Financial Officer (CFO) effective 14 July 2011.
At the Supervisory Board meeting on 14 July 2011, the
Supervisory Board appointed Mr. Elmar Duffner as member
of the company's Board of Management effective as
from commencement of his service for the company. His
appointment to the Board of Management became effective
on joining ALNO AG on 1 November 2011.
<strong>The</strong> following changes to the Board of Management took
place after the end of the year under review: On 17 February
2012, the Supervisory Board revoked Mr. Christoph
Fughe's appointment to the Board of Management of ALNO
AG effective 29 February 2012. Mr. Christoph Fughe was
relieved of his duties as a Board member, but continued
to serve the company as an adviser. Mr. Christoph Fughe
retired from the company on 31 May 2012.
<strong>The</strong> Supervisory Board wishes to thank the Board of Management
and all employees of the ALNO Group companies
for their efforts and great personal commitment in the financial
year 2011.
Pfullendorf, 12 June 2012
Supervisory Board
Henning Giesecke
Chairman of the Supervisory Board
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