PixelNet AG
PixelNet AG english
PixelNet AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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– Closure of the Tiefenbach location with release of staff
– Discontinuation of the double mandates of PHOTO PORST managers
Wolfen. 28.06.2002 – After the appointment of Dr. Gerhard Köhler as new CEO of
PixelNet AG and the application for insolvency of the hundredpercent subsidiary
PHOTO PORST AG at the beginning of the week, PixelNet reports on further
activities. With immediate effect the Supervisory Board has discontinued the
double mandates of the PHOTO PORST managers Patrick Palombo and Dr. Walter
Kroha. Palombo, who remains CEO at PHOTO PORST AG, was the Management Board
member at PixelNet AG responsible for Marketing, Sales and International
Business. As co-founder of PixelNet AG responsible for operating business as
well as for Research and Development Dr. Walter Kroha remains a Management
Board member at PHOTO PORST AG. In future the two managers will dedicate
themselves exclusively to PHOTO PORST AG.
Realignment of responsibilities at PixelNet
Within the context of the resulting realignment of responsibilities in the
PixelNet AG Management Board, Dr. Gerhard Köhler, the newly appointed CEO, is
to be responsible primarily for the areas of Strategy, Human Resources, Legal
Issues, Investor/ Public Relations and Finances. The responsibility for
operating business, the entire Technology area, Research and Development and
Foreign business is to be assumed by his Management Board colleague Georg
Kellberger.
Closure of the Tiefenbach location with release of staff
The closure of the Tiefenbach location with the resulting loss of jobs was
resolved to July 31, 2002. This is a drastic structural measure for the
organisation. In difficult business conditions the company is aiming to reduce
its fixed costs. This measure impacts 31 staff – primarily from the areas of
Marketing/ Sales and Administration. All measures are to take place in line
with existing work agreements.
The operating business is thus being concentrated on the main location of
Wolfen. The head office in Sachsen-Anhalt accommodates the digital competency
centre of the company. Customer Service is not impacted by this measure.
Work is continuing at full steam on the financial status. Further conclusions
are to be anticipated shortly.
end of ad-hoc-announcement (c)DGAP 28.06.2002
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WKN: 527980; ISIN: DE0005279806; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
282027 Jun 02
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