Software AG’s CEO and CFO join the Supervisory Board of IDS Scheer AG
- New Chairman of IDS Scheer AG’s Supervisory Board is Helmut Mader
- A planned domination and profit transfer agreement is subject to approval by the Annual General Meeting of IDS Scheer AG
- SAG Beteiligungs GmbH has suggested that an Extraordinary General Meeting of IDS Scheer AG could be held for this purpose in January 2010
Darmstadt, Germany, 11/2/2009
Software AG, a global leader in business infrastructure software, today announced that its CEO, Karl-Heinz Streibich, and CFO, Arnd Zinnhardt, have been appointed members of the Supervisory Board of IDS Scheer AG. The appointment was made by the competent court in Saarbrucken with effect as of 07-10-2009 following the resignation of Prof. Dr. h.c. mult. August-Wilhelm Scheer and Prof. Dr. Alexander Pocsay. The Supervisory Board today chose Helmut Mader as its new Chairman. Software AG has a 90.002 percent holding in IDS Scheer AG following the offering of €15 per share to IDS Scheer AG investors. A domination and profit transfer agreement is currently being prepared for presentation to stockholders at an extraordinary general meeting of IDS Scheer AG which could take place in January 2010 at the earliest.
Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
Software AG is the world’s largest independent provider of Business Infrastructure Software. Our 4,000 global enterprise customers achieve business results faster by modernizing, integrating and automating their IT systems and processes. As a result, they rapidly build measurable business value and meet changing business demands. Based on our solutions, organizations are able to liberate and govern their data, systems, applications, processes and services – achieving new levels of business flexibility.
Our leading product portfolio includes solutions for high performance data management, developing and modernizing applications, enabling service-oriented architecture, and improving business processes. By combining our technology with industry expertise and best practices experience, our customers improve and differentiate their businesses – faster.
Software AG has 40 years of global IT experience and over 3,600 employees serving customers in 70 countries. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW). Software AG posted total revenues of €721 million in 2008.
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