Bastei Lübbe AG and Chairman of the Board of Management Thomas Schierack have agreed to part company by mutual consent

Press Release

Bastei Lübbe AG and Chairman of the Board of Management Thomas Schierack have agreed to part company by mutual consent

Cologne, 20 September 2017. Bastei Lübbe AG announces that the Chairman of the Board, Thomas Schierack (59), will resign from office with immediate effect and leave the company. The separation takes place by mutual consent with the Supervisory Board on the basis of different views on the strategic orientation. The Supervisory Board sincerely thanks Mr. Schierack for his great commitment as CEO of Bastei Lübbe AG over the past four years and wishes him all the best for his professional and private future.

His duties on the Management Board are taken over temporarily by the two remaining members of the Board, Klaus Kluge and Ulrich Zimmermann.

About Bastei Lübbe AG:
Bastei Lübbe AG is an internationally active media group with headquarters in Cologne. Its business activities primarily focus on the development and licencing of contents which are sold worldwide in physical and digital formats. The core business of the company in the book segment covers classic publishing and periodically published puzzle magazines and novels. With its total of twelve publishing houses and imprints, the company group currently offers around 3,600 titles in the areas of fiction, non-fiction as well as books for children and young adults. In the growing segment of hardcover fiction books, the company has been the market leader in Germany for many years. At the same time, Bastei Lübbe is an engine for innovation in the area of digital media. Apart from the production of thousands of audio and ebooks, the "digital" business unit also maintains participations in the self-publishing platform "BookRix" and the renowned game publisher "Daedalic Entertainment". The digital value-added chain of Bastei Lübbe AG is rounded off through its participation in the online shop "beam-ebooks.de" as well as the new and unique international entertainment platform "oolipo".

With annual sales of approx. 146.3 million euros (financial year 2016/2017), Bastei Lübbe AG is the largest medium-sized family-run publishing business in Germany. The shares of the company have been listed in the Prime Standard segment on the Frankfurt stock exchange (WKN A1X3YY, ISIN DE000A1X3YY0) since 2013. Further information is available at www.luebbe.de.

Contact Bastei Lübbe AG:
Barbara Fischer
Head of Press and Public Relations
Tel.: 0221 / 82 00 28 50
E-Mail: barbara.fischer@luebbe.de