Versatel AG

euro adhoc: Versatel AG
Board of Directors (Appointments and Changes) / Versatel AG to reorganize Management Board due to changing market environment

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Versatel to reorganize Management Board due to changing market environment

The Management Board of Versatel AG has initiated a program to improve efficiency in order to adapt the company to the intensified competitive environment. As part of the refocusing of the company, it will reorganize its executive board. This was decided by the Supervisory Board of Versatel AG in its meeting today. Versatel's Management Board will be extended instead from currently three to four members. The new executive officer will be tasked with the responsibility for Customer Care, Business Processes, and IT. The search for a suitable candidate began already. Furthermore, the Supervisory Board and the Chief Financial Officer Brian Cook have mutually agreed that Brian will leave the company as of September 30, 2007. Until the appointment of a successor Peer Knauer will temporarily take over as Chief Financial Officer. The Supervisory Board thanks Brian for his successful work he did for Versatel.

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ots Originaltext: Versatel AG
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Further inquiry note:
Susanne Tengler
Tel.: +49(0)211 52283556

Branche: Telecommunications Equipment
ISIN:      DE000A0M2ZK2
WKN:        AOM2ZK
Index:    CDAX, Prime All Share, Technologie All Share, TecDAX
Börsen:  Börse Frankfurt / official dealing/prime standard

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