ESCADA AG

euro adhoc: ESCADA AG
Board of Directors (Appointments and Changes)
ESCADA Supervisory Board decides to replace CEO of luxury Group

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Company Information

30.05.2007

Munich, May 30, 2007. At its extraordinary meeting today, the Supervisory Board of ESCADA AG unanimously decided to replace the CEO of the luxury Group. Given their differing views on the company´s future strategy and business policy the CEO of ESCADA AG, Frank Rheinboldt (40), and the Supervisory Board decided on a separation by mutual consent, effective as of May 31, 2007. The Supervisory Board wishes to express its gratitude and recognizes the long-serving and successful commitment of Mr. Rheinboldt to the ESCADA Group.

The Supervisory Board of ESCADA AG has today appointed Jean-Marc Loubier (51) as new CEO as of June 1, 2007. Loubier has been a member of ESCADA´s Supervisory Board and chairman of its Strategy Committee since November 2006. He has been a key executive of LVMH for 16 years. From 1990 to 2000 he worked as Executive Vice President at Louis Vuitton. From 2000 to early 2006 he was President and CEO of Celine.

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ots Originaltext: ESCADA AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Viona Brandt
Tel.: +49 (0)89 9944 1336
E-Mail: viona.brandt@de.escada.com

Branche: Clothing
ISIN:      DE0005692107
WKN:        569210
Index:    SDAX, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / official dealing



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