Schindler Holding Ltd. announced executive changes. Silvio Napoli, CEO, will be proposed for election to the Board of Directors at the Shareholders Meeting of March 22, 2016, and will serve thereafter on the Board's Supervisory and Nomination Committee. Thomas Oetterli, Member of the Group Executive Committee, responsible for China, will become CEO as of April 1, 2016.

Dr. Rudolf W. Fischer, a member of the Group Executive Committee will leave the Supervisory and Nomination Committee. Mr. Jürgen Tinggren, member of the Supervisory and Nomination Committee, will - for personal reasons - not be standing for re-election at the Shareholders Meeting of March 22, 2016.