W.O.M. World of Medicine AG

euro adhoc: W.O.M. World of Medicine AG
Board of Directors (Appointments and Changes)
W.O.M. WORLD OF MEDICINE AG reduces size of Executive Board (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

(Ludwigsstadt, November 3, 2003)

W.O.M. WORLD OF MEDICINE AG reduces the size of its Executive Board from six to three members.

The founder of the company, Mr. Peter P. Wiest, will continue to act as President/CEO. Dr. Clemens Scholz will serve as Chief Operating Officer and Mr. Michael Ott will continue as WORLD OF MEDICINE´s Chief Financial Officer.

The previous Board Members Jörg Baffy-Schättler and Carl-Christian Thier will continue to lead their respective departments. The previous Board Member Peter Hammerschmidt will leave the company. The areas of responsibility of the previous Board Members will be integrated into the new management structure.

After implementation of cost saving measures of EUR 3.5 million per year, the restructuring of the Board of the company is a further step of WORLD OF MEDICINE to streamline its operations and to achieve its goal of significant improvements of its financial results.

The Executive Board

end of announcement            euro adhoc 03.11.2003
---------------------------------------------------------------------

Further inquiry note: contact: Stefanie Gehrke (IR/PR), stefanie.gehrke@womcorp.com, Tel: +49 30 / 39981 566

Branche: Pharmaceuticals
ISIN:      DE0006637390
WKN:        663739
Index:    CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



Weitere Meldungen: W.O.M. World of Medicine AG

Das könnte Sie auch interessieren: