CeWe Color Holding AG: Changes in CeWe management

CeWe Color Holding AG / Change of Personnel Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Changes in CeWe management - Thomas Grunau to become new Marketing Director - Michael Wefers to go out on his own at the end of the year Thomas Grunau appointed Marketing Director Thomas Grunau, 36, joined the CeWe Group on 1 April 2008 and will with immediate effect reinforce the CeWe Color management as its Marketing Director. After completing his Business Administration studies in Hamburg, during which he majored in Marketing and International Management, Thomas Grunau commenced with his professional career in the product marketing department of Intershop AG. For the last six years he was employed by Tchibo, where he held a managerial position and was responsible for establishing new business divisions. He then held the position of Marketing and Sales Director with Tchibo Mobilfunk GmbH & Co. KG, which was responsible for the mobile communications line of business. Expanding marketing expertise Grunau's most important aims include developing and establishing the CEWE PHOTO BOOK brand and other added value photo products as well as the development and implementation of the innovative product strategies of Europe's leading photo services company. Expanding the marketing activities of the full CeWe Color product portfolio in the Internet and reinforcing the brand-name and product presence at the points of sale of the numerous retail partners of CeWe Color are further tasks on hand. 'With Thomas Grunau's assistance, CeWe Color is enhancing its expertise as a specialist for the industrial mass production of personalised photo products,' says Dr. Rolf Hollander, Chairman of the Board of Management of CeWe Color. Michael Wefers leaves the company Michael Wefers, 50, Director of CeWe Color Holding AG, has decided to go out on his own and assume full entrepreneurial responsibility himself in future. He is hence leaving CeWe Color on 31 December 2008 after more than 13 years of successful collaboration. The 13 years he spent in the employ of CeWe were characterised by continuous changes throughout Europe: the generational change with the transition from founder to management, the fundamental shift in technology and its consequences for the business model and the products of the company and the merger of two collective bargaining associations are only a few distinctive examples of these processes of change. While his main tasks were initially staff recruitment and advancement, the focus of his work shifted to restructuring and reorganisation activities. In addition to European human resources management, his legal expertise was required for numerous M&A projects to promote new growth and most recently notably in the 2007 Annual General Meeting, when the company had to defend itself against the demands of American hedge funds. In this case the responsibility he bore for CeWe Color investor relations tasks became particularly significant. Michael Wefers self-employed as of 2009 As of January 2009 Michael Wefers will become another Director with Wefers & Coll. Unternehmerberatung GmbH in Oldenburg. His special task in this new environment will involve the work that he performed successfully for CeWe Color for 13 years: organising change management processes in difficult transformation phases and merger and post-merger integration, including corporate mind changes. If this proves to be effective, Wefers will also assume operative responsibility within the scope of these processes. He will retain his links with CeWe Color in a consulting function. Transfer of tasks in CeWe Color management The three functions performed by Wefers are to be distributed as follows: Dr. Michael Fries, Director of the German operations, will assume additional responsibility for Human Resources Management. Dr. Olaf Holzkämper, Director of Finance & Controlling and company development, is to bear co-responsibility for Investor Relations. Responsibility for Legal Management is to be assumed by Andreas F.L. Heydemann, CFO. About CeWe Color: Photo service company CeWe Color, with 15 highly-technical production operations and a staff of around 2,800 employees in 24 European countries, is both market and technological leader. The company supplied around 2.8 billion photos, more than 1.5 million CEWE PHOTO BOOKS and photo gift articles to more than 50,000 retail partners in 2007. In 2007 turnover amounted to EUR 413.5 million. CeWe Color is 'first mover' in the launch of new digital technologies, for example ordering digital photos in the Internet or with the help of order terminals (DigiFoto Makers) in retail stores. Sales of personalised CEWE PHOTO BOOKS are developing extremely well. In 1961, CeWe Color was founded by Senator h.c. Heinz Neumüller. The company went public under the leadership of Hubert Rothärmel. CeWe Color Holding AG is listed on the Prime Standard. Should you have any queries, please contact: CeWe Color AG & Co. OHG Tel.: 0441 / 404 - 234, Fax: 0441 / 404 - 421, Email: IR@cewecolor.de, Internet:www.cewecolor.de or www.cewe-fotobuch.de 05.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: CeWe Color Holding AG Meerweg 30-32 26133 Oldenburg Deutschland Phone: +49 (0)441 40 4-1 Fax: +49 (0)441 40 4-42 1 E-mail: IR@cewecolor.de Internet: www.cewecolor.de ISIN: DE0005403901 WKN: 540390 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Hannover, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------