Valora Holding AG

EANS-Adhoc: Valora Holding AG
Valora announces changes in Group Executive Management


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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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  announcement.
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Valora announces changes in Group Executive Management

08.05.2012

Valora announces changes in Group Executive Management

For personal and family reasons, Valora's CEO, Thomas Vollmoeller, has decided
to relinquish his current position and leave Valora's Group Executive
Management. He will be returning to Germany in order to take up the position of
CEO of XING AG, thus enabling him to be closer to his family again. 

Rolando Benedick and Valora's entire Board of Directors very much regret this
decision and thank Thomas Vollmoeller for his great commitment to Valora over
the last four years and all his hard work for the company. In the words of
Rolando Benedick, "By successfully implementing the Valora 4 Success programme
and launching the Valora 4 Growth strategy, Thomas Vollmoeller has put Valora
back on the path to success and directed the company towards new growth. We very
much regret his departure and we respect his decision. Valora's Board of
Directors and Group Executive Management wish Thomas Vollmoeller the very best
for the future, both personally and professionally. Valora remains committed to
its growth strategy and will continue to implement the measures it has
initiated."

Rolando Benedick, the Chairman of Valora's Board of Directors, will immediately
assume the duties of Valora CEO on an interim basis, driving the current
strategy forward and monitoring the progress of its implementation. The search
for a new CEO has already begun. Thomas Vollmoeller will continue to assist
Valora in an advisory capacity until he takes up his new duties.


Further inquiry note:
Investor Relations:	Tel:	+41 58 789 12 20
Mladen Tomic	         E-Mail:	mladen.tomic@valora.com 

Media Relations:	         Tel:	+41 58 789 12 01
Stefania Misteli	         E-Mail:	stefania.misteli@valora.com

end of announcement                               euro adhoc 
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issuer:      Valora Holding AG
             Hofackerstrasse 40
             CH-4132 Muttenz
phone:       +41 61 467 20 20
FAX:         +41 58 789 12 12
mail:     info@valora.com
WWW:      www.valora.com
sector:      Retail
ISIN:        CH0002088976
indexes:     
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: BX Berne eXchange 
language:   English
 

 

 



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