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  Hapimag Undergoing Reorientation and Reorganization,
Change in Top Management
Baar, January 29, 2003 � This year Hapimag is celebrating its 40th anniversary with a change in direction. Through new products and services, improved processes and a more focused organization the group is aiming to increase its flexibility and customer orientation. The responsibility for the implementation of the company�s reorientation and reorganization will be undertaken with immediate effect by Kurt Scholl. The former CEO and President of the Board of Directors Marco Hartmann is leaving the company. 
 
Headquartered in Baar, Switzerland, Hapimag is a leading vacation resort company and as part of its 40-year anniversary the company is using this year to refocus its direction. The business plan is based on the recently concluded reorganization and strategy project which fundamentally changes the Hapimag strategy, product range and processes and serves as the basis for creating sustained growth. 

President of the Board of Directors Dr. oec. Marisabel Spitz Kaspar sees Hapimag as becoming �more flexible, customer friendlier and therefore more attractive to our investors and partners.� In addition to other changes, products will be better fitted to suit the individual needs of existing and future partners and the new developments in the tourism sector, and the capacity squeeze during the high-season will be reduced as well. The growing complexity of the processes will also be simplified and made more efficient. Furthermore, Hapimag�s organization will become more focused on its two core-competencies of tourism services and real estate. Through these actions Hapimag seeks to continue to successfully position itself in the dynamic vacation market and to maintain its position as a European leader in providing top quality vacation resorts.

In view of differing opinions on the new strategic orientation of Hapimag the Board of Directors and Marco Hartmann have agreed to dissolve their working relationship. Under his leadership, and among his many other achievements, 

CV Kurt Scholl

Kurt Scholl was born on 15 December 1954 in Nagold, Germany, is married and has a 14-year old son. In 1979 he received his licentiate degree from the Economics Department of the School of Law at the University of Freiburg, Switzerland. 

Some of the most important steps in professional career include:

  • 2001 � 2003 KPMG Fides, Zurich, Deputy Director Financial Advisory and Restructuring Services
  • 1998 � 2000 Pneuhage Group, Karlsruhe, President of the Executive Board Tire company with 100 branches and 1,300 employees
  • 1994 � 1997 DEKRA Umwelt GmbH, Stuttgart, Managing Director Expertises and Consulting in the areas of environmental, health,  safety and quality management
  • 1987 � 1993 Gemini Consulting, Munich, Principal International management consulting company 
  • 1981 � 1986 Romantik Hotel Post, Nagold
Kurt enjoys sports (golf, skiing and swimming), cooking and travelling. Kurt Scholl lives in Zurich.
Marco Hartmann initiated the reorganization and strategy project, had more resorts built, increased resort utilization to 90% and in 2002 maintained Hapimag�s market position despite a difficult financial environment. The Board of Directors thanks Marco Hartmann for his dedicated service and commitment which benefited the company at a time of change. 

Kurt Scholl (48), successor to Marco Hartmann, has been named by the Board of Directors to head up the implementation of the reorganization. Kurt Scholl grew up in Germany in a hotel family, studied economics at the University of Freiburg (Switzerland) and for many years successfully served as managing director of two mid-size German companies. His previous position was as Deputy Director for KPMG Fides. He has supported Hapimag since Autumn 2001 and has been the Project Leader of Hapimag�s reorganization and strategy project for the past nine months. 

With the appointment of Kurt Scholl, the Board of Directors also named Marco Tacchella to the newly-created position of Chief Operating Officer (COO). Marco Tacchella is the former Head of the Partner Service Centers and the internal Project Leader of the reorganization and strategy project. 

Hapimag is the leading European provider of vacation resorts. The company was founded in 1963 as a Swiss limited company with headquarters in Baar, Canton Zug. Through the acquisition of Hapimag shares and vacation passes, partners accumulate points and can make use of all Hapimag vacation resorts rent-free, at the time and location of their choice. Hapimag partners can choose from 5,500 apartments and hotel rooms in 60 different vacation destinations across 18 countries in Europe and the USA. Hapimag invests exclusively in top quality locations and based on long-term considerations. The company employs 1,500 people worldwide. 

Contact:
Dr. oec. Marisabel Spitz Kaspar
President of the Board of Directors 
Hapimag/Havag AG, 
Neuhofstrasse 8/12, CH-6349 Baar
Telephone: ++41 41 / 767 87 35
E-Mail: [email protected]

Also See Report: Hapimag Annual General Meeting / June 2002
Hapimag Opens $20 million Resort in Orlando-Lake Berkley, Florida / Oct 2002


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