DGAP-News: mutares AG: PIXmania appoints Luis Krug as new CEO

| Source: EQS Group AG
DGAP-News: Mutares AG / Key word(s): Change of Personnel
mutares AG: PIXmania appoints Luis Krug as new CEO

23.04.2014 / 12:17


PIXmania appoints Luis Krug as new CEO

PIXmania, the company with the highest turnover within the portfolio of
mutares AG (ISIN DE000A0SMSH2), appoints Luis Krug as new CEO. Luis Krug
has an outstanding experience in the e-commerce business being responsible
for the success of large e-commerce companies such as Redcoon and BuyVIP.

Munich, April 23, 2014 - PIXmania appoints Luis Krug as new CEO by April 1,
2014. Luis Krug contributes his expertise in e-commerce to the realignment
of PIXmania. He will concentrate on the further optimization of the
B2C-segment of PIXmania, which has been the most important driver for
growth since the company's foundation in 2000.

Prior to his new assignment at PIXmania, Luis Krug gained extensive
experience in the e-commerce business. In 2000, he founded Electronica24, a
mail-order company for consumer electronics. Afterwards he co-founded the
Redcoon Group that developed into one of the leading European online
retailers for electronics with a turnover of more than EUR 400m. Redcoon
was acquired by Media-Saturn Group (Metro AG) in 2011. As COO, he was the
driving force behind the internationalisation of BuyVIP, which was acquired
by Amazon in 2010.

PIXmania is an online mail-order business that currently operates in 14
European countries and additionally delivers services for large groups such
as Carrefour. After ceasing the unprofitable activities, PIXmania expects
to achieve a turnover of more than EUR 290m in the financial year between
May 2013 and April 2014, while employing nearly 800 employees at locations
in France and the Czech Republic.

Company profile of mutares AG
mutares AG, Munich (www.mutares.de), acquires companies, or parts of
companies that are sold in the course of reorganization by the owner and
possess clear potential for operative improvement. mutares actively
supports its portfolio companies with its own teams that have the objective
to achieve a significant increase in value. Thereby, the main intention is
the alignment of the company towards sustainable growth. The shares of
mutares AG are traded in the Open Market of the Berlin Stock Exchange under
the symbol MUX (ISIN: DE000A0SMSH2).

For further information, please contact:

mutares AG
Christoph Himmel
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22

End of Corporate News


23.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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