Hugo Boss AG / Change of Personnel
14.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Dr. Sälzer leaves HUGO BOSS AG
The personnel committee of the supervisory board of HUGO BOSS AG and Dr.
Sälzer have agreed that at the end of Febuary of this year Dr. Sälzer will
leave the board of management of the company by way of amicable
arrangement. The company thanks Dr. Sälzer for his long and very successful
activities for HUGO BOSS AG as member of the board of management (since
1995), as deputy chairman of the board of management (since 1998) and as
chairman of the board of management (since 2002). The separation is caused
against the background of different views on the further business policy of
the company. The leaving arrangement still needs the consent of the
supervisory board.
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Information and Explaination of the Issuer to this News:
Dr. Sälzer leaves HUGO BOSS AG
The personnel committee of the supervisory board of HUGO BOSS AG and Dr.
Sälzer have agreed that at the end of Febuary of this year Dr. Sälzer will
leave as member of the board of management of the company by way of
amicable arrangement.
The company thanks Dr. Sälzer for his long and very successful activities
for HUGO BOSS AG as member of the board of management (since 1995), as
deputy chairman of the board of management (since 1998) and as chairman of
the board of management (since 2002).
The separation is caused against the background of different views on the
further business policy of the company. The leaving arrangement still needs
the consent of the supervisory board.
Without delay the personnel committee of the supervisory board will look
for a successor of Dr. Sälzer. Until further notice, the business areas for
which Dr. Sälzer was responsible will be taken care of by the other members
of the board of management.
Dr. Giuseppe Vita, chairman of the supervisory board: 'Dr. Bruno Sälzer has
shaped the development of HUGO BOSS considerably during the recent years.
He has lead the brand into an international future and positioned the
company for future competition in the market. Major strategic decisions
like the introduction of a womens wear line, the broadening of the brand
portfolio and the product base fall into his term of office. We separate by
way of amicable arrangement and in a friendly manner. HUGO BOSS AG thanks
Dr. Sälzer also in the name of the employees and the shareholders for the
job done. We wish him all the best and a lot of success for his next
endeavours.'
Dr. Bruno Sälzer: 'More than twelve exciting and successful years in the
unique culture of HUGO BOSS will come to an end. I will never forget the
enthusiasm and passion of the employees when doing their job for our
company and I will always remember it with joy. With this special HUGO BOSS
spirit the company will certainly look into a continued bright future.'
Forward-looking statements contain risks
This document contains forward-looking statements that reflect management's
current views with respect to future events. The words 'anticipate,'
'assume,' 'believe,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,'
'project,' 'should,' and similar expressions identify forward-looking
statements. Such statements are subject to risks and uncertainties. If any
of these or other risks and uncertainties occur, or if the assumptions
underlying any of these statements prove incorrect, then actual results may
be materially different from those expressed or implied by such statements.
We do not intend or assume any obligation to update any forward-looking
statement, which speaks only as of the date on which it is made.
DGAP 14.02.2008
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Language: English
Issuer: Hugo Boss AG
Dieselstraße 12
72555 Metzingen
Deutschland
Phone: +49 (0)712 394-0
Fax: +49 (0)712 394-2014
E-mail: info@hugoboss.com
Internet: www.hugoboss.com
ISIN: DE0005245534, DE0005245500,
WKN: 524553, 524550,
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: Hugo Boss AG:Dr. Sälzer leaves HUGO BOSS AG
| Source: EQS Group AG