Lately, I have discussed extensively where we are as a company with our Chairman and with the Board of Directors. We have gradually come to agree that Munters needs someone to take over the baton and lead this great company with renewed energy and focus. I will never tire of Munters, our people and the solutions we provide to the world. But I also realize that a new leader can see other opportunities and bring new vitality to what we do.
The Board and I have consequently agreed that I will step down as CEO during the first half of 2014. The Chairman of our Board is currently working with maximum focus on identifying my successor. As you all know I will – as always – keep working at full speed until my last day in office. But I want you all to know what is happening. You are mature individuals and should have early insight into changes of this nature.