Paul Van Iseghem has decided to retire by the end of 2010

The Board of Directors has appointed François Gabella as CEO of LEM Holding. He will take over from Paul Van Iseghem. Van Iseghem will be 65 next year. He has decided to retire by the end of 2010. François Gabella will join the company on July 1, 2010, taking over the function as of this date. Until the year end, Paul Van Iseghem will support the BoD and the new CEO for a smooth transition of the executive management responsibilities.

Gabella worked in Switzerland, the United States, Germany and France for companies such as Schlumberger, ABB and AREVA, where he has held global responsibilities. In his last function, he was CEO of TESA in Switzerland, a provider of measuring instruments.