Jan 13, 2014. /Lesprom Network/. Werner Fleischmann resigned from the Board of Directors of Precious Woods Holding for personal reasons at the end of 2013. Mr Fleischmann will remain committed to the company as a significant shareholder and in this function will continue to support Precious Woods, as the company said in the press release received by Lesprom Network.

The Board of Directors comprises now of Ernst A. Brugger (Chairman), Katharina Lehmann (delegate of the Board of Directors) and Dominik Mohr.

Markus Brütsch joined Precious Woods at the beginning of this year as the new CFO. He has comprehensive experience in the financial management of small and medium-sized companies as well as proven expertise in mergers & acquisitions and capital market transactions. His professional competence as well as his management experience will be an ideal addition to the management team.

Mr Stefan Meinhardt, currently Chief Operating Officer, will leave the company for personal reasons at the end of March 2014. The Board of Directors offers Mr Meinhardt its appreciation for his dedicated engagement and the achieved operational changes over the last few years. Mr Stefan Meinhardt will transfer his responsibilities and remains available for specific mandates over the coming months. His functions will be taken over by technical experts and Katharina Lehmann.

The management team comprises now of Stéphane Glannaz (CCO/Sales) and Markus Brütsch (CFO), led

by Katharina Lehmann.

Precious Woods is an international company active in the sustainable management and use of tropical forests. The company’s core activities include sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products.