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ISRA VISION AG: Management Expanded: New Executive Director Group Operations

Friday, February 27, 2015

Press release from the issuing company

ISRA prepares for next growth steps – intensive focus on efficiency  

ISRA VISION AG (ISIN DE 0005488100), one of the world’s top companies for industrial image processing (Machine Vision) as well as globally leading in surface inspection of web materials and 3D machine vision applications, reinforces the Executive Board for the important Operations segment with an internationally experienced expert.

As a new member of the Executive Board, Andreas Gerecke takes over the worldwide responsibility for the Operations segment. He has 25 years of experience in international industrial enterprises, among them as Chief Operating Officer at a subsidiary of ABB Deutschland. Gerecke has successfully managed business divisions with revenue dimensions significantly above 100 million euros. Given these experiences, he can provide ISRA with decisive impulses for implementing the aspiring growth objectives.

In his new function as Executive Director Group Operations, Gerecke is responsible, among other things, for further optimization of the production processes –lean production– as well as the targeted expansion of the infrastructure for further growth. Besides preparing the company for the next revenue dimension, his tasks also include strengthening profitability as well as optimizing and stabilizing the cash flow. Furthermore, it is planned to assign the new member of the Management Board further strategic tasks that are currently overseen by the Chairperson.

With this strategic addition to the existing management, ISRA actively continues its growth strategy – which core it is to grow sustainably and profitably, diversified across technologies, regions and markets – with reinforced personnel. The company responds to the different market situations in the individual business areas with targeted marketing and sales measures as well as innovations that support the planned double-digit growth for 2014/2015. ISRA will report on the first quarter of the current financial year on February 27, 2015 and will also release a detailed guidance for the entire year 2014/2015.


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