UPDATE 1-Pfleiderer CFO Koch switches to IWKA

Newswire

(Recasts with new employer) FRANKFURT, Dec 22 (Reuters) - Pfleiderer AG Chief Financial Officer Juergen Koch is leaving the wood processing group to become finance chief at automation group IWKA , the German companies said on Thursday. Koch, 48, will start his new duties by May 1, 2006, IWKA said. IWKA employs 11,500 and had 2004 sales of 2.3 billion euros. Koch, who became Pfleiderer CFO four years ago, is leaving "on the best of terms" at the end of March 2006 at the earliest, that ...

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