Dr. Rainer Hecker will turn over the chairmanship to Frieder C. Löhrer on June 9, 2008.
Kronach, January 28, 2008 – Dr. Rainer Hecker, Chairman of the Executive Board of Loewe AG, will resign of his own volition from the Executive Board of Loewe AG after more than 25 years of service. As an industrial engineer, he was responsible for finance and administration at Loewe from 1982 to 1990. Starting in 1990 he became Chairman of the Management Board and was appointed Chairman of the Executive Board of Loewe AG after the IPO in 1999. Dr. Rainer Hecker will resign from his position as Chairman of the Executive Board as of the completion of this year's annual Shareholders' Meeting on June 9, 2008.
The Supervisory Board appointed Frieder C. Löhrer, Engineer, as the new member of the Executive Board and designated chairman. As of April 1, 2008, he will assume responsibility for marketing and sales at Loewe and thechairmanship of the Executive Board as of the completion of this year's annual Shareholders' Meeting on June 9, 2008. Since 2004, Frieder C. Löhrer has been serving as Chairman of the Executive Board of Rolf Benz AG & Co KG, Nagold, where he is, among other things, responsible for focussing on the core business of high-quality seating furniture and the systematic orientation of the premium brand. Gerhard Schaas (CTO) and Oliver Seidl (CFO) will continue to serve as members of the Executive Board.
For further details, please contact:
Investor Relations
Axel Gentzsch
Phone: +49 (0)9261 99.240
Fax: +49 (0)9261 99.994
Mobile: +49 (0)170 7667212
Mail: axel.gentzsch(at)loewe.de
Public Relations
Dr. Roland Raithel
Phone: +49 (0)9261 99.217
Fax: +49 (0)9261 99.444
Mobile: +49 (0)171 2005476
Mail: roland.raithel(at)loewe.de