Ad hoc: Thiel Logistik AG - Stefan Delacher's post on Executive Board extended until 2010; CFO Martin Löffler leaves the company
Grevenmacher/Luxembourg - The Board of Directors of Thiel Logistik AG has decided to terminate the appointment of Martin Löffler as member of the Executive Board (CFO) of Thiel Logistik AG effective May 31, 2006.
Mr. Löffler has exercised the possibility provided under Luxembourg law to terminate his contract of employment effective July 31, 2005. He will leave Thiel on this date.
Commencing August 1, 2005, Dr. Antonius Wagner, member of the Board of Directors of Thiel Logistik AG, will assume responsibility for the former duties of Martin Löffler until a new CFO joins the company.
The Board of Directors has extended the appointment of Stefan Delacher as a member of the Executive Board of Thiel Logistik AG until September 2010. Mr. Delacher is responsible on the Executive Board for the Thiel Group's logistics operations.