SER Systems AG
SER Systems AG english
Organizational change in the SER Group / SER Board of Management member
recalled
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Organizational change in the SER Group / SER Board of Management member recalled
Neustadt/Wied (Germany), October 26, 2001
The Board of Management and the Supervisory Board of the SER Systems AG have
decided to suspend the current organizational changes in the SER Group which
were to have been completed by January 1, 2002. The goal of the reorganization
was to bring all SER subsidiaries together under the management of SERs US
Holding to be followed by a NASDAQ listing.
In reference to SERs Ad hoc of October 1, 2001, the American management is
fully focused on recovering from the effects of the September 11 terror acts.
Accordingly, all European subsidiaries, other than those in the UK and
Asia/Pacific, will retain their previous, direct organizational connections to
the SER Systems AG, until further notice.
In order to devote full attention to the US financial operations, American
Board member, Ken Nelson, will be recalled on October 26, 2001. Carl E. Mergele
will continue on the AG Board to represent and report on the American
operations. CEO Gert J. Reinhardt will serve as the intermediate CFO of the SER
Group.
Your contact to SER: Phone +49 (0) 26 83-9 84-3 61 / ir@ser.com /
http://www.ser.com
end of ad-hoc-announcement (c)DGAP 26.10.2001
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WKN: 724190; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart; London
260801 Okt 01
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