Kapsch TrafficCom AG has a two-tier management and oversight structure in accordance with the Austrian Stock Corporation Act (Aktiengesetz), consisting of the managing board (Vorstand) and the supervisory board (Aufsichtsrat). The managing board is responsible for directing the business and represents the company in dealings with third parties. The supervisory board is responsible for appointing and dismissing the members of the managing board and supervising the business conducted by the managing board. Although the supervisory board does not actively manage the company, the managing board must obtain the consent of the supervisory board before engaging in certain transactions in accordance with the Austrian Stock Corporation Act (Aktiengesetz), the company’s articles of association and the managing board’s internal rules of procedure (Geschäftsordnung).

Erwin Toplak, Chief Operating Officer;      Georg Kapsch, Chief Executive Officer      and
André F. Laux, Executive Board Member

Pursuant to our ar ticles of association, the managing board consists of one to four members appointed by the supervisory board for a term of up to five years. The managing board currently consists of three members.

Georg Kapsch was appointed CEO of Kapsch TrafficCom AG in December 2002 and holds functions in certain of its direct and indirect subsidiaries. Since October 2000, Georg Kapsch has also served as the CEO of KAPSCH-Group Beteiligungs GmbH. He has been a member of the managing boar d of Kapsch AG since July 1989 and was appointed as its CEO in October 20 01. Georg Kapsch, who studied business administration at Vienna University of Economics and Business Administration (Wirtschaftsuniversität Wien) and graduated in 1981, has been the chairman of the Technikum Wien Academy (Fachhochschule Technikum Wien) since September 2002 and of the Austrian Electronic Association (Österreichischer Elektronikverband) since December 2002. He has been the vice president of the Association of the Austrian Electronical and Electronics Industries (Fachverband der Elektro- und Elektronikindustrie) since January 2003. In December 2008, Georg Kapsch was appointed president of the Federation of Austrian Industries Vienna (Industriellenvereinigung Wien).

In addition, Georg Kapsch serves as CEO of DATAX HandelsgmbH, as chairman of the supervisory board of Kapsch CarrierCom AG and as deputy chairman of Kapsch BusinessCom AG as well as member of the supervisory board of Teufelberger Holding AG.

Erwin Toplak has been a member of the managing boar d of Kapsch TrafficCom AG since June 2002 and holds functions in certain of its direct and indirect subsidiaries. He has been employed by the Kapsch Group since 1991, first as marketing and sales manager of the toll collection star t-up of Kapsch AG (1991–1994) and later as senior manager (1994–1999) as well as director (1999– 2002) of the traffic control systems division of Kapsch AG. Erwin Toplak graduated from the Polytechnic (Höhere Technische Lehranstalt) in Graz in 1984 with a degree in engineering. He is vice president of the Austrian Electrotechnical Association (Österreichischer Verband für Elektrotechnik).

André Friedrich Laux has joined Kapsch TrafficCom Group in December 2007 and has been a member of the managing board of Kapsch TrafficCom AG since 1 April 2010 and holds functions in certain of its direct and indirect subsidiaries. He began his professional career in different sales and management functions, both internationally and domestically (1988–1997), after completing a degree in business administration in Germany and England. In 1997, he became director of the German chip maker ODS Landis & Gyr in Munich. In 2000, André Laux transferred within the group to become CEO of Skidata AG in Salzburg. In 2004, he took over as CEO of Winter AG in Munich.