Jena, October 19, 2010 – On October 19, 2010, Jena District Court resolved to appoint two new members to the Supervisory Board of Intershop Communications AG: Günter Lorenz, previously member of the Board of Management of BMW AG, and Dr. Herbert May, previously member of the Board of Management of Deutsche Telekom AG. They have been initially appointed until the next Shareholders Meeting of Intershop Communications AG, which is scheduled to take place in June 2011.
The appointment by Jena District Court became necessary after Bernhard Wöbker, Chairman of the Supervisory Board, and Peter Georg Baron von der Howen, Supervisory Board member, retired from their positions on September 30, 2010.
Günter Lorenz has held several executive positions in leading German companies, including five years as the Chairman of the Board of Management at BMW AG. Today, he is a senior advisor for Buchanan Industrial Technologies GmbH, a company providing established SMEs with growth capital.
Dr. Herbert May is a consultant with focus on technology companies and has more than 20 years experience in senior management positions, including at Alcatel, as Managing Director of the Telekom subsidiary DeTeSystems – now T-Systems – and as Supervisory Board member of Deutsche Telekom AG.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.