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ce GLOBAL SOURCING AG (OJ:CEW2) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
Munich, 04. November 2008: ce GLOBAL SOURCING AG, which is listed on the Open Market of the Frankfurt Stock Exchange, assigns members of the management board and the supervisory board new. At the same time the previous CEO Michael Negel acquires indirectly the majority of the shares and now holds over 70 percent of the company's shareholders' equity.
Micheal Negel, member of the supervisory board, indirectly takes over about 45 percent of the share capital of ce GLOBAL SOURCING which previously has been held indirectly by Robert Stich. Therewith Negel increases his equity stake from previously 27 percent to a total of about 72 percent and therefore becomes controlling shareholder.
During the last supervisory board meeting the longtime chairman of the board Rolf Baron von Hohenhau resigned as member of the supervisory board, as well as the vice chairman Robert Stich and the acting CEO Herbert E. Graus. The management board thanks Baron von Hohenhau for his long commitment for the company. Thank also goes to Herbert E. Graus and Robert Stich for their great engagement for many years.
The present member of the managing board Harald Heutink will become CEO. Heutink has more then 30 years of experience in the chip industry. In the past 20 years he worked in management positions of market-leading organizations and for over five years he has been in a leading position within ce GLOBAL SOURCING AG.
At the same time Michael Negel will be appointed as chairman of the supervisory board. He has been working for ce GLOBAL SOURCING AG for over 22 years, four of them as member of the managing board and three as CEO. Since April 2008 Negel is member of the supervisory board. With the two new members of the supervisory board, lawyer Boris Duerr, specialized in stock corporation law and Reiner Koenigsfeld, experienced sales manager, the supervisory board is well managed.
ce GLOBAL SOURCING AG asserts itself successfully in the area of independent distribution of electronic devices for 32 years, for a few years also as franchised distributor as well as European representative of the leading software producer in the segment "Component Engineering and Management Tools", Partminer Information Services. The ce GLOBAL SOURCING group has 60 employees in North America, Asia and Europe and in 2007 achieved revenues of approximately 26.5 million Euro.
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Service For additional information please contact ce GLOBAL SOURCING AG, Investor Relations, Tel.: +49 (89) 13 92 889-0 - 12, Fax: +49 (89) 13 92 889 - 29, Email: ir@ce-global.de
About ce GLOBAL SOURCING AG The ce GLOBAL SOURCING AG sees itself as an "Electronic-Procurement-Provider". The company operates as an external partner of Original Equipment Manufacturers (OEM) and Electronic Manufacturing Services (EMS) and takes over the purchase-, storage-, and shortage management, as well as the providing of semiconductors and electronic components. The company is headquartered in Munich. Additionally the ce group has offices in Canada, the USA, Taiwan, Japan, China, Australia, the Netherlands, Italy, England, Switzerland, it also has representatives in Russia, the Ukraine and Hong Kong. World-wide ce has about 60 employees, approximately 50 of them in Europe.
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ce GLOBAL SOURCING AG Klausenburger Str. 9 München Germany
WKN: 508222; ISIN: DE0005082226; Index: CLASSIC All Share; Listed: General Standard in Frankfurter Wertpapierbörse;
