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. --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Hugo Boss AG:Dr. Sälzer leaves HUGO BOSS AG
| Source: EQS Group AG