Elephant Seven AG
Digital Advertising AG english
digital advertising AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Personnel changes at the executive level / Equity holding in hippo tv sold /
Schwabing site due to close down
Unterhaching, December 14, 2001. Now that digital advertising AG is winding up
its fit for future restructuring campaign, the enterprise is set to kick off the
new year with a lean management team and an adjusted investment portfolio.
The executive board of digital advertising AG is slated to be downsized at the
beginning of 2002. Mr Raimund Alt will continue to represent the enterprise and,
in particular, the headquarters in Unterhaching, as the company’s CEO, while Mr
Markus Breuer, at present the general manager of digital advertising AG’s
subsidiary fractales GmbH in Gütersloh, will join the executive board effective
January 5, 2002. Kamilo Kolarz and Dr. Florian Schmid will step down from
digital advertising AG’s executive board effective January 4, 2002, whereby
Kamilo Kolarz is expected to join the enterprise’s supervisory board.
In a bid to redouble the focus on its core competence, the company divested
itself of an 80% equity holding in the TV production company hippo tv GmbH,
Unterföhring. The transaction is retroactively effective as of November 30, 2001
In a bid to cut costs, the enterprise will relocate the business operations of
its subsidiary Orchid Project GmbH from the current offices in Schwabing to the
Unterhaching headquarters on December 31, 2001.
Contact:
Denise Sinnhuber, Phone: +49 (89) 61 534-160
Elisabeth Gröschel, Phone: +49 (89) 61 534-161
digital advertising AG, Biberger Straße 93, D- 82008 Unterhaching, Germany
Fax: +49 (89) 61 534-101
E-mail: aktie@da-ag.com
The Executive Board
end of ad-hoc-announcement (c)DGAP 14.12.2001
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WKN: 513820; ISIN: DE0005138200; Index:
Listed: Neuer Markt in Frankfurt/M.; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
140817 Dez 01
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