Bastei Lübbe AG: Changes in the Executive Board

Bastei Lübbe AG: Changes in the Executive Board

Cologne, 19 August 2015. Bastei Lübbe AG, a listed company on the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1X3YY0), announces that Jörg Plathner's Executive Board contract has been terminated. The Supervisory Board and the Executive Board thank Mr Plathner for his services to the company and wish him all the best and all success for the future.

Jörg Plathner assumed directorship of the digital media department as new member of the Executive Board with effect from 1 September 2014. Divergent views concerning the strategic development of the digital department led to a parting of the ways. Responsibility for the digital department is transferred with immediate effect to Chief Executive Officer Thomas Schierack, who had already been in charge of developing and managing the department until 30 August 2014. Together with Thomas Schierack, Felix Rudloff (programme) and Klaus Kluge (marketing, sales) continue to make up the Executive Board of Bastei Lübbe AG.

Digital content plays an increasingly important and strategically central role in Bastei Lübbe's business model. CEO Thomas Schierack will therefore assume management of the digital department himself in the long-term. The digital proportion of total turnover rose to 32.4% in the first quarter of 2015/16.

About Bastei Lübbe AG:
Bastei Lübbe AG is a media company in the form of a publishing house. With its headquarters in Cologne, the company has around 437 employees across the group. Bastei Lübbe publishes books, audio books, ebooks and digital products with fiction and popular science content, as well as periodical magazines in the form of novel booklets and puzzle magazines. Bastei Lübbe's business activities also include the licensing of rights and the development, production and sale of gift goods, decorative goods and merchandising articles. Bastei Lübbe has been the market leader in the growing hardcover fiction segment for many years, almost completely unchallenged, and was also number 1 in 2013 in the fiction ebooks segment. In 2013, Bastei Lübbe AG celebrated their 60^th anniversary and went public. Bastei Lübbe AG shares are listed on the Prime Standard of the Frankfurt Stock Exchange (WKN A1X3YY, ISIN DE000A1X3YY0).

Contact Bastei Lübbe AG:
Barbara Fischer
Manager Press and
Event Marketing
Tel.: +49 (0)221 / 82 00 28 50
E-Mail: barbara.fischer@luebbe.de