Statement by Bertelsmann AG on speculations about a change in chairmanship of the Gruner + Jahr supervisory board
Guetersloh (ots)
As of November 1, 2000, Gerd Schulte-Hillen was appointed to the Gruner + Jahr supervisory board for a period of five years, and appointed its chairman.
In March 2002, as part of the discussion at the time concerning a possible IPO by Bertelsmann AG, Gerd Schulte-Hillen offered to cede his Gruner + Jahr supervisory board mandate in the interest of exemplary corporate governance (to avoid a dual mandate in the parent/ subsidiary). At the appropriate time, Gerd Schulte-Hillen and Gunter Thielen will decide on this matter in discourse with the Gruner + Jahr shareholders. Gerd Schulte-Hillen is also Chairman of the Bertelsmann AG Supervisory Board.
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Oliver Herrgesell Senior Vice President Media Relations Phone: +49 - 5241 - 80-24 66 oliver.herrgesell@bertelsmann.com
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