Praktiker Bau- und Heimwerkermärkte Holding AG / Key word(s): Change of Personnel 15.09.2010 10:34 Dissemination 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. --------------------------------------------------------------------------- Kirkel, 15 September 2010 - At its meeting today, the Supervisory Board of Praktiker Bau- und Heimwerkermärkte Holding AG agreed on a comprehensive reorganization of the Board of Management, setting the course for a successful implementation of the value creation program 'Praktiker 2013' announced in March. Markus Schürholz, 45, has been appointed to the Management Board of Praktiker Bau- und Heimwerkermärkte Holding AG with immediate effect. He will take over the Finance, M&A, Investor Relations, Controlling and Accounting/Tax responsibilities. The former Chief Financial Officer, Thomas Ghabel, has ceased to be a member of Praktiker's Management Board. In addition, the number of Management Board members will be reduced to four from five members. Karl-Heinz Stroh, Management Board Member in charge of Human Resources, will leave the company at best terms with the Supervisory Board. Management Board Member Michael Arnold will take over Human Resources in addition to his current responsibilities International Expansion and Store Portfolio Management. In his previous position, Markus Schürholz worked as Chief Financial Officer of Escada AG. Before that, he was Director Finance of Douglas Holding AG. After completing his business management studies, he worked in different positions at Haniel-Group, among others in the U.S., Asia and Italy, and as Managing Director Finance at Ratiopharm International GmbH. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: 'We are convinced that with a smaller, efficient management team we are well-prepared to reach our ambitious goals with regard to profitability and competitiveness over the next three years,' said Dr. Kersten von Schenck, Chairman of the Supervisory Board. 'With Markus Schürholz we have won an excellent financial expert and controller with international experience for the management team of Praktiker.' The Supervisory Board thanks Karl-Heinz Stroh for his good work and wishes him all the best for his personal and professional future. 15.09.2010 10:34 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Praktiker Bau- und Heimwerkermärkte Holding AG Am Tannenwald 2 66459 Kirkel Deutschland Phone: +49 (0)6849 95-00 Fax: +49 (0)6849 95-2285 E-mail: investorrelations@praktiker.de Internet: www.praktiker.com ISIN: DE000A0F6MD5 WKN: A0F6MD Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Hamburg, München, Berlin, Düsseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Praktiker Bau- und Heimwerkermärkte Holding AG: Praktiker reorganizes Board of Management; Markus Schürholz appointed as new Chief Financial Officer; Management Board reduced to four members
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