Hertel hereby announces that Victor Aquina, currently Managing Director of the Hertel Caspian region and the former CEO of Nacap, will be appointed as CEO of Hertel as of 1 April 2014. He will succeed Paul Broekhuijsen who will leave the company as of April 1. Paul Broekhuijsen joined Hertel in April 2011 as CEO and has led the company through a major reorganization these last few years. The Supervisory Board is very grateful to Paul Broekhuijsen for his great contribution to the recovery of Hertel. ‘In 2011 we asked Paul to lead Hertel through a necessary recovery process.