EANS-Adhoc: Valora Holding AG
Valora announces changes in Group Executive
Management
08.05.2012 – 07:13
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Valora announces changes in Group Executive Management 08.05.2012 Valora announces changes in Group Executive Management For personal and family reasons, Valora's CEO, Thomas Vollmoeller, has decided to relinquish his current position and leave Valora's Group Executive Management. He will be returning to Germany in order to take up the position of CEO of XING AG, thus enabling him to be closer to his family again. Rolando Benedick and Valora's entire Board of Directors very much regret this decision and thank Thomas Vollmoeller for his great commitment to Valora over the last four years and all his hard work for the company. In the words of Rolando Benedick, "By successfully implementing the Valora 4 Success programme and launching the Valora 4 Growth strategy, Thomas Vollmoeller has put Valora back on the path to success and directed the company towards new growth. We very much regret his departure and we respect his decision. Valora's Board of Directors and Group Executive Management wish Thomas Vollmoeller the very best for the future, both personally and professionally. Valora remains committed to its growth strategy and will continue to implement the measures it has initiated." Rolando Benedick, the Chairman of Valora's Board of Directors, will immediately assume the duties of Valora CEO on an interim basis, driving the current strategy forward and monitoring the progress of its implementation. The search for a new CEO has already begun. Thomas Vollmoeller will continue to assist Valora in an advisory capacity until he takes up his new duties. Further inquiry note: Investor Relations: Tel: +41 58 789 12 20 Mladen Tomic E-Mail: mladen.tomic@valora.com Media Relations: Tel: +41 58 789 12 01 Stefania Misteli E-Mail: stefania.misteli@valora.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Valora Holding AG Hofackerstrasse 40 CH-4132 Muttenz phone: +41 61 467 20 20 FAX: +41 58 789 12 12 mail: info@valora.com WWW: www.valora.com sector: Retail ISIN: CH0002088976 indexes: stockmarkets: Main Standard: SIX Swiss Exchange, stock market: BX Berne eXchange language: English