Jena, March 9, 2007 – Intershop Communications AG (Prime Standard: ISH2) today announced, that CEO Dr. Juergen Schoettler (58) agreed with the Supervisory Board to leave the Company with the expiration of his service contract on March 31, 2007. Dr. Schoettler has served for the Company since April 2002, at first as Chief Financial Officer (CFO) and since July 2003 as Chief Executive Officer (CEO). The chairman of the Supervisory Board Mr. Hans W. Gutsch expressed the Company`s gratutide to Dr. Schoettler for his dedication during the last 5 years. The Supervisory Board of the Company – two members of which are to be newly appointed with effect of April 1, 2007 – anticipates to discuss the appointment of a successor for Mr. Schoettler on April 2, 2007.
In order to facilitate the management changes and to provide continuation, at the request of the remaining members of the Supervisory Board the chairman of the Supervisory Board Mr. Hans W. Gutsch leaving the Supervisory Board by the end of this month will offer his experience to the Company until the end of 2007.
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.