Versatel AG

EANS-Adhoc: Versatel AG

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Changes at Management Board of Versatel AG

Düsseldorf, 20 April 2009 - The Supervisory Board of Versatel AG today announces the appointment of Alain D. Bandle as new Chief Executive Officer, with effect from 9 May 2009.  Alain D. Bandle, previously Vice President and General Manager Public Segment Europe at Dell, has extensive international experience, having held leading management positions at companies in the IT, telecommunication, service and consumer goods industries.

The Supervisory Board and Peer Knauer agreed that he will be relieved from his duties as acting CEO of Versatel AG with immediate effect. The premature termination of his contract shall occur by mutual agreement.

For the interim period, Max Padberg, Chief Financial Officer of Versatel AG, will assume the responsibilities of the CEO until 9 May 2009.

Alain D. Bandle will take over the duties of Peer Knauer that also include the responsibilities for the private customer segment. The responsibilities of the other Board members remain unchanged.

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ots Originaltext: Versatel AG
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Further inquiry note:
Marius Rispeter
Investor Relations
Telefon: +49 (0)211 52283 531

Branche: Telecommunications Equipment
ISIN:      DE000A0M2ZK2
WKN:        A0M2ZK
Index:    TecDAX, CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard

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