Softline AG

euro adhoc: Softline AG
Management Changes
Change in leadership at Softline AG (E)

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Dr. Detlev Lux takes over the position of CEO

The founder and, until recently, CEO of Softline AG (WKN 720 600), Peer Blumenschein, is moving at his own request to the supervisory board of the software distributor. With immediate effect, the new CEO is Dr. Detlev Lux (44), previously spokesman of the managing board of Ravensburger AG.

With Dr. Lux, Softline AG gains an experienced manager, who has held leading positions in various corporations including Boston Consulting Group, Bertelsmann AG and Time Life Inc., successfully mastering difficult corporate circumstances, as shown by the restructuring and subsequent turnaround of Ravensburger AG.

Peer Blumenschein will continue to be actively engaged in the company as a member of the supervisory board and consultant. His focus in the future will again be concentrated on the vital area of identifying trends and developments in the software and hardware markets.

Contact: Softline AG, Lange Str. 51, 77652 Offenburg, Tel: ++49 781/9293-151; Fax: ++49 781/9293-240; email: eparkner@softline.de

end of announcement            euro adhoc 14.10.2002
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Further inquiry note: Herr Erik Parkner

Branche: Economy, Business & Finance
ISIN:      DE0007206005
WKN:        720600
Index:    Nemax
Börsen:  Frankfurter Wertpapierbörse / Neuer Markt
              Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Hamburger Wertpapierbörse / free trade
              Niedersächsische Börse zu Hannover / free trade



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