Pixelpark AG

ots Ad hoc-Service: Pixelpark AG New CFO at Pixelpark - Pixelpark AG is starting a program to increase efficiency with a newly formed management team

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Berlin (ots Ad hoc-Service) - The supervisory board of Pixelpark AG has appointed Annette Koch as the new Chief Financial Officer CFO with effect from 15 April 2001. The former CFO, Dr Jan Kantowsky, will move at his own request to a senior management position at Bertelsmann AG and will therefore be released from his current position. This new allocation of responsibilities and the expansion of management is the board of management's reaction to the company's growth in recent years. The new team will be tackling the implementation of the recently announced package of measures to improve efficiency and profitability. Dr Klaus Eierhoff, Head of DirectGroup Bertelsmann and Chairman of the Supervisory Board at Pixelpark AG, explains the changes at Pixelpark AG, "Jan Kantowsky did a good job at Pixelpark, He played a substantial role in the successful listing of Pixelpark AG and the intemationalization of the company. So he is no doubt qualified for a senior management role at Bertelsmann AG. The decision to appoint Annette Koch is a clear evidence for Bertelsmann's commitment to Pixelpark. Annette Koch has done an excellent job in managing mediaWays, a former Bertelsmann company, and is destined for the CFO position at Pixelpark." Eierhoff made the following comment about Bertelsmann AG's commitment to Pixelpark, "Bertelsmann is committed to its investment in this internet service provider and, as a majority shareholder, emphatically supports all the measures which Pixelpark's Board is now implementing to increase efficiency. This commitment however does not exclude the longterm possibility that Bertelsmann will decide, together with the Board of Pixelpark, to include another strategic partner to the group of shareholders at Pixelpark." Annette Koch (35) was formerly the deputy managing director of mediaWays GmbH, based in Guetersloh, Germany, a company which belonged to Bertelsmann AG until January 2001. She was responsible for the areas of finance, business development and marketing, right from the foundation of the company in 1996 and to the successful expansion of mediaWays to become the second largest internet service provider (ISP) in Germany. End of message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Pixelpark AG, übermittelt durch news aktuell

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