Deufol AG: Changes to the Executive Board

Hofheim, (PresseBox) - By resolution of the Supervisory Board dated November 28, 2011 CEO Andreas Bargende will leave the company with immediate effect. The board members Detlef Hübner and Dr. Tillmann Blaschke will be assigned the departments Business Development, Communications, Compliance and Legal which Mr Bargende recently held.

In addition to Operations and Purchasing, his current area of responsibility, Detlef Hübner will take over Business Development. Adding to his current commercial functions in the areas HR, IT, Real Estate and Investor Relations Dr. Tillmann Blaschke will take over the responsibility for Communica-tions, Compliance and Legal. On November 10, 2011 the company had already announced that Dr. Blaschke will take over the position as Chief Financial Officer as per the end of the year. In the frame of the rearrangement of the management's responsibilities such duties will now be transferred to Dr. Blaschke with immediate effect.

Going forward the company will now be managed jointly by Detlef Hübner and Dr. Tillmann Blaschke. At the same time, the process of strengthening the second managerial level in the company will be continued. "The above-mentioned changes symbolize the continuation of the path already taken this summer into an era of renewal", say Hübner and Dr. Blaschke in agreement.

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