euro adhoc: The Fantastic Corporation
Board of Directors (Appointments and Changes)
Changes in the Board of the Fantastic Corporation (E)
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Changes in the Board of the Fantastic Corporation
Zug, Switzerland - June 4, 2003 - The Fantastic Corporation (Prime Standard Frankfurt: FAN), a provider of software products that optimize data distribution within corporate networks, announced today the downsizing of its board. Fantastic reduces the number of board members from six to three. Reto Braun, chairman of the board, Jacqueline Brandwynne and Giorgio Ronchi, members of the board, step down to align the size of the board with the operations.
The resignation of Giorgio Ronchi, chairman and CEO of Fantastic's major shareholder ETF Group, follows ETF Group's recent decision to reduce its stake in Fantastic from approximately 27% to 16.41%. Peter Ohnemus, board member and vice chairman, is appointed as chairman of the board. Matthias Oertle and Alain D. Bandle continue as members of the board and as CEO, respectively. According to Reto Braun, Alain D. Bandle is the right person to execute the strategy, which was previously approved by the board and announced in February this year.
end of announcement euro adhoc 04.06.2003
Further inquiry note:
Herr Steinacher Dominik
Branche: Software
ISIN: CH0008310515
WKN: 924382
Index: Nemax All Share
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