DGAP-Adhoc: Changes in the Management Board at MWB Wertpapierhandelshaus AG
2004-06-21 17:46
Gräfelfing/Munich, June 21, 2004. Due to different opinions on the strategic direction of the company, the supervisory board and Ms. Christine Niederreuther-Rohrhirsch as well as Mr. Thomas Mühlbauer have come to a mutual understanding that their terms in office on the board shall not be renewed when they end on December 31, 2004. The term in office of Mr. Thomas Posovatz, also due to end on December 31, 2004, has been renewed until December 31, 2007.
Ms. Christine Niederreuther-Rohrhirsch, management board member responsible for Personnel, Compliance and Accounting, and Mr. Thomas Mühlbauer, management board member responsible for the entire securities business, have asked the supervisory board of the company to release them from their duties as management board members until December 31, 2004, which marks the end of their terms in office. The supervisory board was able to comply with the request of Ms. Niederreuther-Rohrhirsch immediately and with the request of Mr. Mühlbauer with effect from July 31, 2004.
With effect from August 1, 2004, Mr. Herbert Schuster was appointed a member of the management board of the company until December 31, 2007. Mr. Schuster will be responsible for the Securities business. Mr. Schuster was one of the co-founders of the securities trading bank Gebhard & Schuster AG and in the last year was responsible for the German specialist team at Baader Wertpapierhandelsbank AG.
MWB AG ( http://www.mwb.de ) has been listed on the stock exchange since April 1999, and has been licensed for the Prime Standard Segment of the Deutsche Börse AG since January 2003. MWB"s core business is being a specialist and market maker for international stocks, supplemented by order execution for banks and institutional sales. Furthermore MWB AG is active in the private asset management business with MWB Baden, holding a 60% percent interest in this company. The company has applications on the stock exchanges in Munich, Berlin, Frankfurt, Düsseldorf and Stuttgart.
Ms. Christine Niederreuther-Rohrhirsch, management board member responsible for Personnel, Compliance and Accounting, and Mr. Thomas Mühlbauer, management board member responsible for the entire securities business, have asked the supervisory board of the company to release them from their duties as management board members until December 31, 2004, which marks the end of their terms in office. The supervisory board was able to comply with the request of Ms. Niederreuther-Rohrhirsch immediately and with the request of Mr. Mühlbauer with effect from July 31, 2004.
With effect from August 1, 2004, Mr. Herbert Schuster was appointed a member of the management board of the company until December 31, 2007. Mr. Schuster will be responsible for the Securities business. Mr. Schuster was one of the co-founders of the securities trading bank Gebhard & Schuster AG and in the last year was responsible for the German specialist team at Baader Wertpapierhandelsbank AG.
MWB AG ( http://www.mwb.de ) has been listed on the stock exchange since April 1999, and has been licensed for the Prime Standard Segment of the Deutsche Börse AG since January 2003. MWB"s core business is being a specialist and market maker for international stocks, supplemented by order execution for banks and institutional sales. Furthermore MWB AG is active in the private asset management business with MWB Baden, holding a 60% percent interest in this company. The company has applications on the stock exchanges in Munich, Berlin, Frankfurt, Düsseldorf and Stuttgart.