Biotest AG: Biotest AG's Supervisory Board extends the term of CEO Prof. Schulz and appoints Dr. Floß to the Board of Management
Biotest AG / Key word(s): Change of Personnel / Biotest AG's Supervisory Board extends the term of CEO Prof. Schulz and appoints Dr. Floß to the Board of Management Dreieich, January 9, 2013: Today the Supervisory Board of Biotest AG extended the term of CEO Prof. Dr. Gregor Schulz till December 31, 2014. Prof. Schulz manages the Biotest Group as Chairman of the Board of Management since ten years. In this period revenues have been doubled and the operating loss of EUR -1.7 m has been turned in positive earnings (EBIT) of more than EUR 42 m. Besides Prof. Schulz and Dr. Floß, Dr. Michael Ramroth continues to be a member of the Board of Management responsible for finance and central services. The Chairman of the Supervisory Board, Dr. Alessandro Banchi, thanked Prof. Schulz explicitly for his very successful ten year term of service as CEO and his willingness to continue as CEO till end of 2014 beyond the originally agreed term. 'With the appointment of Dr. Floß to the Board of Management we wanted to strengthen also the human management resources for continued growth of the group', emphasized Dr. Banchi. Disclaimer This document contains forward-looking statements on overall economic development as well as on the business, earnings, financial and assets position of Biotest AG and its subsidiaries. These statements are based on current plans, estimates, forecasts and expectations of the company and are thus subject to risks and elements of uncertainty that could result in significant deviation of actual developments from expected developments. The forward-looking statements are only valid at the time of publication. Biotest does not intend to update the forward-looking statements and assumes no obligation to do so. About Biotest Biotest AG, Landsteinerstr. 5, 63303 Dreieich, www.biotest.de Securities' ID No., ISIN ordinary shares: 522720, DE0005227201
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