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New Board for Horvath in 2012.

Stuttgart: Helmut Ahr and Dr. Uwe Michel will both join the board of German management consulting group Horváth & Partners next year.

Ahr (43), is currently partner responsible for Horváth's Financial Industries business unit, and Dr. Michel (47), is head of consulting for Management Control and Finance.

They will take their seats in April 2012.

Horváth says the new Speaker of its board will be the current CFO, Dr. Michael Kieninger (50). Prof. Dr. Christof Schimank (53), to date responsible for HR and Strategic Management consulting, will also continue as a member of the new board.

The current Speaker of the board, Dr. Bernd Gaiser, and fellow board member Prof. Dr. Reinhold Mayer will leave the company on March 31, 2012. Both have been with Horváth & Partners for nearly 25 years and have been on the board of the company for 10 years. During their tenure revenue grew from around � 20 million to � 80 million in the last fiscal year.

Dr. Gaiser intends to take up a completely new challenge outside of consulting. He will continue to advise Horváth & Partners and retain strong ties to the company. In the future, Prof. Mayer will increase his activities as honorary professor at the University of Stuttgart, and will continue to remain available to Horváth & Partners for consulting projects.

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