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February 25, 2013
Change of Management at REMOS - Theo Paeffgen is leaving
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"St. Augustin-Hangelar February 25, 2013 - Change of Management - Theo Paeffgen is leaving


After successful conclusion of the turnaround at REMOS Theo Paeffgen requested that the shareholders end his employment contract and appointment as Chief Executive Officer of the company.


Commenting on the timing, Paeffgen said: "In the last few years we have found solutions for our key issues. My job to manage the turnaround of the company has been concluded successfully. REMOS is just about to receive the restricted type certification for its model REMOS GX from EASA and thereby will open the important European market of commercial use, in particular flight school operation, for its aircraft.


Furthermore, we have driven a shift in the values at the company: Today, REMOS is defined by a culture of fairness, reliableness and open cooperation. And the company also has a solid financial foundation. In short: this is the right time to prepare to pass the baton and ensure a smooth transition."


Paeffgen is also counting on support from the company's employees: "REMOS has very good employees who are all highly qualified and motivated. Without their commitment, we would not have been able to handle the difficult tasks we faced in the last few years. For that, I thank them from the bottom of my heart."


Paeffgen, after working more than three years for REMOS, is leaving to move back into the management of Paeffgen Rechtsanwaltsgesellschaft mbH, the incorporated international law firm he founded in 2002, in Bonn: "I want to go back to having more time for clients, transactions and new legal and financial challenges."


During Theo Paeffgen's management the company concentrated since August 2011 on the type certification of its model REMOS GX by EASA, the production organisation approval and the design organisation approval and is expecting to reach these goals by latest mid 2013.


REMOS Aircraft is one of the world's leading manufacturers of Light Sport Aircraft. Founded 1994, REMOS is an international aerospace manufacturing company with operations in Germany and North America. REMOS' flagship product, the REMOS GX aircraft, is an all-composite, singel engine, two-seater aircraft certified by the FAA.


The restricted LSA type certificate for this model from EASA is expected by latest mid 2013. Manufactured in a state-of-the-art facility in Pasewalk, Germany, REMOS aircraft are distributed and supported worldwide through a network of exclusive sales, maintenance and flight training partners."


[REMOS Aircraft GmbH Flugzeugbau Press Release of February 25, 2013]

© 2002-2018 Paeffgen Rechtsanwaltsgesellschaft mbH
Last modified January 11, 2018