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Investment firm shakes up Unaxis management

Unaxis' major shareholder has forced the company to appoint a new CEO, while all the members of the Unaxis board have resigned.

At the request of Unaxis' major shareholder, the Austrian investment firm Victory Industriebeteiligung, the Swiss process equipment supplier has appointed Thomas Limberger as its new CEO.

Limberger, who is currently a member of the Unaxis board, will start his new role on August 1. He leaves General Electric Germany, Austria and Switzerland, where he has served as CEO since 2002.

Limberger replaces Harald Eggers, who has acted as Unaxis' interim CEO since January 1, 2005.

As well as the CEO switch, all the other members of the Unaxis board have decided to resign from office on June 28, the date of an extraordinary general meeting (EGM) of shareholders.

According to Unaxis spokesperson Nicolas Weidmann no official reason has been given for the resignations. However, the move is expected to give Limber an opportunity to transform the company.

A new board will be elected at the EGM, and Victory is expected to bring in three or four of the new members.

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