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Abonner JoWooD Productions Software AG

JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Board of Directors (Appointments and Changes)
Personnel changes in the Executive Board

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
21.01.2005
Andreas Tobler, founder and CEO for the ranges sales, marketing and
product management will leave the company with the 28. of January -
Dr. Albert Seidl was nominated with effect of the 28. of January as
chairman of the board - supervisory board and executive board met
this concerted solution to raise the potential of the JoWooD
Productions Software AG
The JoWooD Productions Software AG a publicly listed company at the
Vienna Stock Exchange announced a change in the executive board of
the company.
Andreas Tobler, founder and CEO for the ranges sales, marketing and
product management, will leave the executive board with the 28. of
January 2005. The management contract with Mr. Tobler was not
extended.
The supervisory board, active since the extraordinary shareholder´s
meeting of last Friday, decided to make this step, fully aware of the
substantial achievements of Mr. Tobler, in order to rapidly implement
the changes, which correspond to the raise of the substantial
potential of JoWooD and in particular the game pipeline 2005.
A clear failure to reach the sales objectives in the year 2004, the
resulting turnover warning, critical notes of some shareholders in
the extraordinary shareholder´s meeting of last Friday as well as the
unsatisfactory efforts of internationalisation forced the supervisory
board to act. A goal of this measure is the rapid increase of the
efficiency of the company as well as the raise of the substantial
potential.
Dr. Albert Seidl was nominated as a successor of Mr. Tobler as the
chairman of the board. In the past years Dr. Seidl played an
outstanding role as the responsible person of the Capital Bank in the
development of JoWooD. 
When nominating, it was substantial for the supervisory board that
the executive board knows the company and its possibilities and can
thus implement its agendas immediately.
The supervisory board sees in particular the improvement of the
selling structure, using all selling potentials as well as the
development of a new strategy as substantial tasks for the designated
chairman of the board.
The chairman of the supervisory board, Andreas Rudas concerning the
changes: "The supervisory board recognizes the substantial
achievements of Mr. Tobler. We thank for his commitment and the
enthusiasm for the company. Mr. Tobler will consult the company in
the transition period. We, the supervisory board, are convinced that
with the new nomination as well as clear setting of tasks for Mr. Dr.
Seidl, the priorities in the company were focused again. Thus the
strength of JoWood shall be realized quickly. We wish Dr. Seidl a lot
of success."
Further information:
Dr. Michael Pistauer
E-mail:  investor@jowood.com
Tel.: +43 3614 2966 1021
Fax: +43 3614 2966 1023
www.jowood.com
end of announcement                    euro adhoc 21.01.2005 14:44:21 

Further inquiry note:

JoWooD Productions Software AG
Dr. Michael Pistauer, Vorstand
Mag. Oliver Ruetz, Investor Relations
Tel.: +43 (0)3614 2966 1016
mailo:investor@jowood.com
http://www.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 074735
Index: WBI, ATX Prime, ViDX
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing

Plus de actualités: JoWooD Productions Software AG
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