Ad Hoc Announcements 2007

08.10.2007

Andreas Riedel New Intershop CEO

Jena, October 8, 2007 – Intershop Communications AG (Prime Standard: ISH2) announced today that, following the expiration of the contract with CEO Friedhelm Bischofs (62), Andreas Riedel (48) has been appointed to succeed him as CEO effective October 10, 2007.

On the termination of his appointment on October 10, 2007, Friedhelm Bischofs will leave the Company by mutual agreement with the Supervisory Board. The Supervisory Board wishes to expressly thank Mr. Bischofs for his hard work, which led to Intershop recording an operating profit within a very short period and thus significantly improved the Company’s overall situation. He was responsible for implementing far-reaching restructuring programs and successfully initiated measures to secure the Company’s financial position. In addition, sales efficiency has improved significantly in the past two quarters, as reflected in the very good order situation today, among other things.

As CEO, Andreas Riedel will be responsible for leading e-commerce company Intershop, based in Jena. He has more than 25 years’ experience in customer-facing industries. In the recent past, he worked in senior management positions at Schott Zwiesel AG, Möbel Höffner GmbH, Deutsche Telekom AG – as Managing Director of the T-Punkt sales organization – and most recently as Chairman of the management of the Real business line at Metro AG. Riedel will contribute his wide-ranging management experience in customer-facing industries to rapidly drive forward the Company’s reorientation.

Investor Relations:
Annett Körbs
T: +49-3641-50-1370
F: +49-3641-50-1309
ir@intershop.de

Public Relations:
Dr. Ute Danz
T: +49-3641-50-1000
F: +49-3641-50-1002
pr@intershop.de

« back