Chairman of the Executive Board/Supervisory Board
At the Supervisory Board meeting on 3 June, the Chairman of the Executive Board, Mr. Fahr, tendered his resignation to the Supervisory Board with immediate effect.
3 June 2005
The Supervisory Board accepted Mr. Fahr's offer and expressed its respect to Mr. Fahr for the decision he had taken. The Chairman of the Supervisory Board, Mr. Engel, and Professor Hubbert offered to the Supervisory Board to resign before or after the Annual General Meeting. The remaining Supervisory Board members (employee and shareholder representatives) unanimously asked both gentlemen to remain on the Supervisory Board in the interest of the company. The shareholder representatives on the Supervisory Board decided, on a precautionary basis, to resign en masse in the event that the Annual General Meeting should vote out members.
Karlsruhe, 3 June 2005
The Executive Board