Changes in the Colfax Group

The Colfax Pump Group has announced the promotion of Mr. Klaus Stahlmann to the position of Colfax Pump Group Vice President and the General Manager of Allweiler. Mr. Stahlmann, who is currently the Allweiler Vorstand and VP of Sales for Europe and Asia Pacific, will take on the full business responsibilities for the Radolfzell and Bottrop Germany manufacturing sites. Mr. Campbell Walton, President of the Colfax Pump Group said he was pleased to be able to offer Mr. Stahlmann this position. In a separate statement, it was also announced that Harald Cwiertnia has resigned from his position as Vice President and General Manager of Operations Europe which will be effective as of 31 May 2004. He will return to Johnson Controls Inc., where he worked previously until joining Colfax in July of 2003. Mr. Walton stated that he regretted Mr. Cwiertnia’s decision to return to JCI and that his experience and leadership at Radolfzell and Bottrop would be greatly missed.

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