Jena, May 21, 2010 – Intershop Communications AG announces a change to its Supervisory Board.
Mr. Benedikt Wahler is resigning from his post as a member of the Supervisory Board on May 31, 2010, due to new professional commitments.
By resolution of the Jena District Court on May 20, 2010, Jim MacIntyre, Managing Director of Product Laboratory, LLC and consultant currently acting as Head of E-Commerce Technology Products and Services for the US company GSI Commerce, Inc., will be appointed in place of the resigning member. Jim MacIntyre brings a wealth of know-how in the area of E-Commerce to the Intershop Supervisory Board as well as extensive financial expertise gained during his time working as a venture capital & private equity specialist.
The resigning member Benedikt Wahler has served on the Supervisory Board since June 2008. As an investment consultant for institutional investors, he distinguished himself within the Intershop Supervisory Board for his broad expertise in finance and strategic business development/M&A. During his time on the Board, Intershop managed to successfully stabilize its turnaround program and develop its long-term market position as leading integrated E-commerce provider.
Benedikt Wahler also played a major role in the constructive cooperation between the Management Board and Supervisory Board. “We have a lot to thank Benedikt Wahler for. He paved the way for one of the most important milestones in Intershop’s recent history, the strategic partnership with GSI Commerce. We would like to thank him for his commitment and excellent cooperation,” comments Peter Mark Droste, member of the Management Board of Intershop Communications 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.