Mon, 17 Oct 2011 10:27:20
DGAP-Ad-hoc: Nemetschek AG: Nemetschek CEO Not Available for Renewal of Contract
Nemetschek AG / Key word(s): Miscellaneous
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Nemetschek CEO Not Available for Renewal of Contract
Ernst Homolka, CEO of software producer Nemetschek AG (ISIN 0006452907),
advised the company's Supervisory Board today that he will not be available
for a renewal of his management contract which runs until December 31,
Ernst Homolka, CEO of Nemetschek AG, gave the following reasons for his
decision: 'Notwithstanding the successful development of the company over
the past years as well as the emerging successes in the current fiscal
year, ideas concerning the future strategic alignment of the company differ
between the Management Board and the Supervisory Board and can no longer be
reconciled. All companies need the utmost consolidation between the
Management Board and the Supervisory Board. The remaining term of my
contract ensures that the Supervisory Board has sufficient time to find a
successor for me.'
The Nemetschek Group is Europe's leading vendor of software for
architecture and construction. The graphical, analytical and commercial
solutions cover a large part of the entire value chain in construction -
from the planning and visualization of a building and the construction
process itself through to building management. The software programs range
from CAD solutions for architects and engineers to construction software
for cost planning, tenders, awarding of contracts and execution. These are
complemented by solutions for facility and real estate management as well
as visualization software for architects and the movie industry.
The company was founded in 1963 and employs more than 1,000 people
worldwide. Its products are used by more than 300,000 customers in 142
countries worldwide. In 2010, Nemetschek achieved revenues of 150 million
euros and an operating result (EBITDA) of 37 million euros.
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Company: Nemetschek AG
Phone: +49 (0)89 92 793-0
Fax: +49 (0)89 927 93-5200
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service