Schloss Wachenheim AG - Konzern


Ad-hoc-announcement according to § 15 of the Securities Trading Act: Personnel

Monday, 28. June 2010

Nick Reh resigns as CEO and stands for the Supervisory Board

Trier, 28 June 2010. Nick Reh, 49, is resigning as CEO of sparkling wine producer Schloss Wachenheim AG on 30 September 2010 and standing for the board. The announcement was made by the chairman, Georg Mehl, after today's board meeting. Mr Reh’s move to the Supervisory Board had been planned for some time. It makes sense for the main shareholder to be represented by a family member on the Supervisory Board, said Mehl in a statement. The Reh family holds 71 percent of the shares.

Nick Reh, son of company founder Günther Reh, has been on the board since 1996 and Chairman since 1998. Under his direction, the group has expanded and consolidated its position as the world's leading manufacturers of sekt and sparkling wine. In the year 2009/2010 (ending 30.06.), turnover will be almost € 265 million.

>From 1 October 2010, the public limited company will be run by an Executive Board team of two: Dr. Wilhelm Seiler and Andreas Meier.

Ad hoc announcement released according to § 15 of the Securities Trading Act, communicated through DGAP - a company belonging to EquityStory AG. The issuer is responsible for the content of this announcement.