Chairman of the TAKKT AG Management Board retires

The Chairman of the TAKKT Management Board, Georg Gayer (born 1946), will retire as chairman and board member of the Management Board on 31 May 2009.

This step is due only to personal reasons and is a regular option of Gayer’s employment contract, which was prolonged early 2008. Gayer will continue to work for TAKKT AG as a consultant.

Already in 2008 the TAKKT AG Supervisory Board laid the basis for the long-term management structure through personnel decisions made and the prolongation of employment contracts with the management. The Supervisory Board of TAKKT AG will decide at its next regular meeting on 20 March 2009 about Gayer’s successor.

Since TAKKT AG’s public listing in 1999, Gayer has been Chairman of the Management Board and has in the last 30 years substantially formed and influenced the Company’s development to an international leading B2B-mail order Group for office, business and warehouse equipment in different management positions.

Short profile of TAKKT AG
TAKKT is the leading B2B mail order company for office, business and warehouse equipment in Europe and North America. The Group is represented with its brands in more than 25 countries. The product range of the TAKKT subsidiaries comprises over 130,000 items from the areas business and warehouse equipment, classical and design-oriented office furniture and accessories, as well as sales promotion items for retailers, the food service industry and the hotel market.

The TAKKT Group employs some 2,000 staff, has about 3 million customers worldwide and distributes more than 70 million catalogues and mailings per year. 

TAKKT AG is listed on the SDAX and was admitted to Deutsche Boerse’s Prime Standard on 1 January 2003.

Stuttgart, 30 January 2009

Contact:

Georg Gayer, CEO
Phone +49 711 34658-201

Dr Florian Funck, CFO
Phone +49 711 34658-207

E-mail: investor@takkt.de