Taking this into account, the Supervisory Board has taken the following decisions in today’s Supervisory Board meeting:
1) Frank Goebel will be appointed to the Executive Board of BRAIN AG, starting from November 1, 2016. He will take over the responsibility for the subsidiaries from Eric Marks.
The CEO Dr. Juergen Eck will be responsible for the remaining tasks of Eric Marks.
2) Eric Marks will leave the Management Board as of October 31, 2016.
3) The Management Board appointment of Dr Georg Kellinghusen, which expires on December 31, 2016, has been extended until the end of the ordinary Annual General Meeting held in March 2017.
4) After the 2017 Annual General Meeting, Frank Goebel will additionally assume the CFO responsibilities of Dr Georg Kellinghusen. As from that date and until further notice, the BRAIN AG shall be led by a two-member Executive Board.