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ARAGON AG: Wulf U. Schütz to leave Management Board of Aragon AG as of 31 May

05-18-2012 01:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Aragon AG

Acquisition-driven growth phase successfully completed - focus now on enhancing operations

Wulf Ulrich Schütz, CFO of Aragon AG, will be leaving the company as of 31 May on the basis of highly amicable mutual agreement to take up a new professional challenge in the near future. Following the successful completion of the period of rapid external growth in recent years, the Supervisory and Management Board of Aragon AG have agreed to reduce the size of the Management Board.

Peter Brumm, a member of the Supervisory Board of Aragon AG, thanked Schütz for his successful work. 'Wulf Schütz worked successfully and with absolute dedication to help shape the further development and strategic positioning of Aragon AG. On behalf of the entire Supervisory Board and his colleagues, I wish him all the very best for his future professional and personal career.'

Wulf Schütz voiced his thanks for the trust placed in him in recent years. 'The time at Aragon has been one of the most eventful periods in my professional life. Above all, I will miss my colleagues at the company. Having said that, I am also looking forward to channelling my energies into a new exciting task in future.'

The finance department at Aragon AG will be led in future by COO Ralph Konrad, who already headed this department until 2010.

'The strong growth at Aragon AG would not have been possible in this way without Wulf Schütz', commented Dr. Sebastian Grabmaier, CEO of Aragon AG, with regard to the change. 'The new Management Board structure is nevertheless a logical consequence of the company's strategic alignment. Following the strong growth seen in the first eight years since our foundation, driven not least by external acquisitions, we are now entering the integration stage, one in which we aim to focus on the Group's operating performance and on our earnings strength. Mr. Konrad and I would like to thank Wulf Schütz for his exemplary commitment and for the at all times excellent, trusting working relationship we enjoyed together.'

About Aragon AG

Aragon AG is a broadly diversified financial services group with two operating segments, Broker Pools and Financial Consulting, and an operating Holding division. Within its segments, Aragon AG operates in the market with several independently acting subsidiaries. The aim is to integrate various sales models under one roof without infringing on the identity of each individual sales operation. This leads to broad diversification across numerous asset classes and distribution channels and, as a result, ensures high earnings stability. Further information about the company and its subsidiaries can be found at www.aragon.ag.

RALF FUNKE
Investor Relations
ARAGON AG
Kormoranweg 1
65201 Wiesbaden
Fon: +49 (0)611 890575-0
Fax: +49 (0)611 890575-99
Mail: ir@aragon.ag

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