Nemetschek AG: Nemetschek CEO Not Available for Renewal of Contract

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
17.10.2011 10:27

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.


Adhoc 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, 2012.

Explanations

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.'

About Nemetschek

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.
In case of queries, please contact:

Nemetschek AG
Head of Investor Relations
Regine Petzsch
Konrad-Zuse-Platz 1 
81829 Munich
Germany
Phone: +49 89 92793-1219
Fax: +49 89 92793-5404


17.10.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

 
Language:     English
Company:      Nemetschek AG
              Konrad-Zuse-Platz 1
              81829 München
              Germany
Phone:        +49 (0)89 92 793-0
Fax:          +49 (0)89 927 93-5200
E-mail:       investorrelations@nemetschek.com
Internet:     www.nemetschek.com
ISIN:         DE0006452907
WKN:          645290
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service