Wellington Board of Director Changes

20 December 2013

Media Release

For Immediate release

Wellington Board of Director Changes

Wellington Drive Technologies Ltd (WDT), following its final Board meeting for the 2013 year, announced the retirement of long serving director Dr Ray Thomson and the appointment of Gottfried Pausch as a non-executive director of WDT.

Wellington Chairman Tony Nowell expressed extreme gratitude for Dr Thomson’s long service to WDT, saying that his commitment to WDT’s vision, and his strong support of the company through its years of development and growth challenges, were to be much admired. He said Dr Thomson was truly a pioneer of New Zealand’s efforts to develop a high technology manufacturing sector, and wished him every success with his future ventures.

Mr Pausch is currently CEO at Actronic Technologies and Executive in Residence at The Icehouse, following a 22 year career with German engineering and electronics conglomerate Siemens, one of the world’s leading suppliers of a wide range of products, solutions and services in the field of technology, including the roles of Turnaround Manager and CEO Siemens Energy Services New Zealand and Managing Director Siemens New Zealand. Mr. Pausch also serves as an independent director of McKay Ltd in Whangarei and as Chairman of Aucom Electronics Ltd in Christchurch.

“Mr Pausch has strong business development, sales and service credentials and excellent corporate experience in markets and technologies not dissimilar to those developed and commercialised by Wellington Drive. Mr Pausch, a native of Austria, holds an Electrical Engineering degree from HTBL&VA Klagenfurt, Austria and a Master of Business Administration (Global Management) from the Fuqua School of Business at Duke University, USA. He has also completed executive education at Harvard Business School, USA.

“He brings valuable experience of Asia and European operations, of project management, business to business sales and marketing, IT, automation and product innovation. Mr Pausch will add considerably to our governance of strategy, innovation and new market development.”   Mr Pausch is considered by the board to be an independent director for the purposes of Listing Rule 3.3.2 and will commence his duties on January 24th 2014.

Tony Nowell

Chairman

ENDS

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