Stutensee April 24 2012 In Future The Global Packaging Machine Manufacturer Oystar Will Be Headed Up By Two Executives The Supervisory Board Of Oystar Holding Gmbh Has Appointed Markus Ehl And Barry W Shoulders As Coceos Effective From 20 April The Previous Ceo Tom Graf Left The Company At The End Of March Both Managers Have Several Decades Of Management Experience In The Packaging Industry And In The Company Mr Ehl Has Been With Oystar Group For The Past Eight Years And Previously Held The Position Of Coo As A Member Of The Executive Board Mr Shoulders With 25 Years Of Experience In The Industry Previously Held The Position Of Quotpresident Oystar North Americaquot Also As A Member Of The Executive Board Mr Ehl Underlined Quotthe Change In Management Will Not Alter The Successful Oystar Strategy We Will Continue To Focus On The Packaging Business In The Future Pursuing Our Growth Strategyquot The Oystar Group Had Divested Its Process Division At The Beginning Of The Previous Year In Order To Concentrate On Packaging Machinery For The Food Dairy Pharmaceutical And Cosmetics Industries Significant Growth Was Achieved In All Four Divisions In 2011 Mr Shoulders Added Quotand We Continue To Be Ambitious With The Consistent Continuation Of Our Product Strategy We Aim To Achieve Sales Of Eur 500m By 2015 With A Considerable Doubledigit Ebit Marginquot Oystar Had Announced Its Annual Results For 2011 Just A Few Weeks Before With A 10 Increase In Operating Earnings In Addition To Their New Positions At The Helm Of Oystar The Two Managers Will In Future Also Manage Business Units Mr Ehl Will Be Responsible For The Dairy And Pharmaceuticals Business Units Whilst Mr Shoulders Will Oversee The Consumer And Food Business Units They Will Continue To Be Supported By Dr Josef Spieler As Cfo And Dieter Steinbach As Cmo
