Vita 34 International AG (V3V)

[Dew]

VITA 34 International AG restructures management team after returning to the black
Streamlined structure aimed at further increasing profitability
22 Oct 2009 - VITA 34 International AG has decided to restructure its management team after successfully returning to the black. This move is to lay the foundations for further increasing profitability in the coming years.


Dr. Eberhard Lampeter, founder and CEO of VITA 34 AG, will continue to head the company. Finance will be headed by Jörg Ulbrich in the future. Mr. Ulbrich was in charge of Administration at VITA 34 up to now and therefore has an in-depth insight into the company.

The previous CFO, Peter Boehnert, has requested to leave the company from October 31, 2009. He is now looking for a new challenge elsewhere. He leaves on good terms after successfully implementing cost reduction measures which were launched in mid 2008. The VITA 34 International AG Supervisory Board agreed to his request.

Oliver Papavlassopoulos has also announced that he will be stepping down from his position as Chief Marketing Officer on October 31, 2009. He is planning to work on a self-employed basis in the future. In the last few years, he has been highly successful in paving the way for VITA 34's internationalization. The new appointments in this area of the company represent a careful realignment of Marketing and Sales, and these measures are to create a better benefit-cost ratio. The overall aim is to support further earnings increases in the coming years.

http://www.bionity.com/news/e/108335/