WEG S.A.
A PUBLICILY LISTED COMPANY
CNPJ Nº 84.429.695/0001-11
NIRE 42.300.012.203
WEG announces the succession of Chief Executive Officer
Jaraguá do Sul, September 17, 2007 – WEG S.A. (WEG or the Company) – Bovespa (WEGE3), one of
the largest players in industrial electro-electronic and related equipments, announces the start of the
succession process of its Chief Executive Officer. Mr. Decio da Silva will be replaced, from January 2008
onwards, by Mr. Harry Schmeltzer Jr., which is currently WEG’s International Regional Director in Europe.
Mr. Silva will join the Board of Directors.
Mr. Silva has been WEG’s Chief Executive Officer since 1989, a period of strong expansion and
internationalization of the Company. The current CEO has stressed the importance and the need of
renewal for the continuous growth of WEG. “A Company created by its founders’ boldness, dynamism,
intelligence and determination enters now into a phase of transition marked by one strong theme:
renewal. Our life is made of choices. When I assumed this post I made a choice to focus on results and
always implemented actions with discipline and speed. Harry is a manager that works by the same
choices, and so we have every confidence in nominating him.”
WEG’s Chairman of the Board, Mr. Nildemar Secches, emphasizes: “The succession process of Mr. Silva
is an important step in our development. His participation was fundamental in WEG’s expansion process
throughout his 18 years leading this Company. He has build the solid foundations that prepared WEG for
its sustainable growth, with the development of new leaderships, market focus and transparency. The
results can be observed by the expressive increase of shareholder value over these years.
Mr. Secches highlighted that the choice of Mr. Schmeltzer Jr. was based on performance evaluations and
also considered WEG’s potential to nurture managerial talent. Mr. Silva also highlighted that the decision
was matured over the past three years and is founded on WEG’s history of participative management and
corporate governance. Mr. Harry Schmeltzer Jr. joined WEG in 1980 and has served as Chief of Sales of
WEG Acionamentos in 1983, Sales Manager in 1986 and Superintendent Director of WEG Acionamentos
from 1992 through 2006, when was nominated Superintendent Director of WEG Motores. In 2007
became International Regional Director in Europe, based in Portugal.
Harry Schmelzer Jr. is 49 years old and holds a B.A. in Electrical Engineering and post-graduate degree
in Business Administration in Brazil, with management and finance studies by Instituto Euvaldo Lodi /
Insead France and IMD International, in Switzerland. His mission will be to continue to execute WEG’s
growth and internationalization project.
Forward-looking statements
Certain statements in this document may constitute forward-looking statements – projections or
statements about future expectations. Such statements are subject to known and unknown risks and
uncertainties, which could cause such expectations not to materialize or actual results to differ materially
from those set forth in the forward-looking statements. These risks include: the succession of the CEO in
the form described, changes in future demand for the Company's products, changes in the factors which
affect domestic and international prices of the products, changes in the cost structure, changes in prices
charged by competitors, exchange rate variations, or changes in the Brazilian political or economic
scenario, or in emerging and international markets in general.
For further information, please contact:
Luís Fernando Oliveira
Cristina Santos
luisfernando@weg.net
cristinas@weg.net
Investor Relations Manager
Corporate Communications
+55 (47) 3276-6973
+55 (47) 3276-4295