Intershop Communications AG | Press Release |
Intershop Communications AG: Changes in the Board of Management
- Chief Financial Officer Ludwig Lutter has retired from the Board of Management and will exit effective July 31, 2015
Jena, 01 July, 2015 – Ludwig Lutter, a long-serving member of Intershop Communications AG’s (ISIN: DE000A0EPUH1) Board of Management, has resigned his position as Chief Financial Officer with the consent of the Supervisory Board and will exit the company effective July 31, 2015. Ludwig Lutter’s responsibilities will be assumed by Jochen Moll, Spokesman of the Board of Management.
Ludwig Lutter joined the Board of Management in April of 2011 and was heading Finance, Investor Relations, M&A, Legal, Human Resources, Compliance and G&A. As team member of the Board of Management he co-led the strategic re-focusing of Intershop into a product company which commenced in 2013, in particular by leading the divestment of business units. After more than four years of serving on the Board of Management Ludwig Lutter now wants to pursue new opportunities.
Dr. Herbert May, Chairman of the Supervisory Board of Intershop Communications AG: „On behalf of the Supervisory Board, I sincerely thank Ludwig Lutter for his many years of commitment, his valuable contributions, and outstanding service for Intershop. He was part of the Board of Management that repositioned Intershop and made it fit for the future in extremely difficult times. Ludwig Lutter deserves particularly credit for his contributions with respect to the implemented cost cutting measures as part of the re-focusing of Intershop. Such actions were decisive factors for a successful future of our company. We deeply regret Ludwig Lutter’s departure and would like to express our gratitude to him and wish him all the best for his future.“
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.