Ad-hoc | 7 March 2003 14:29

Fresenius AG english

Fresenius announces change in chairmanship of Managing Board Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Fresenius announces change in chairmanship of Managing Board The Supervisory Board of Fresenius AG announced today that Dr. Gerd Krick (64) has decided to resign his position as Member and Chairman of the Managing Board of Fresenius AG at the close of the Annual General Meeting on May 28, 2003. “After two difficult years, we have brought Fresenius back onto the growth track. Fresenius has an outstanding position in the health care market and excellent perspectives. Therefore now it is the right time to pass on the responsibility for the company to younger hands”, commented Dr. Krick, who will turn 65 this year, his decision. In its meeting of today, the Supervisory Board unanimously decided to appoint Dr. Ulf M. Schneider (37) as the new Chairman of the Managing Board of Fresenius AG. Dr. Schneider will assume his new position after the close of the Annual General Meeting of Fresenius AG on May 28, 2003. Dr. Schneider has been Chief Financial Officer of Fresenius Medical Care AG since November 2001. He will resign from this position when he assumes the chairmanship of the Managing Board of Fresenius AG. The Supervisory Board unanimously has also decided to propose to the Annual General Meeting of Fresenius AG that Dr. Krick be elected to the Supervisory Board of the company. It is planned that he will take over its chairmanship. Dr. Gerd Krick will continue to be the Chairman of the Supervisory Board of Fresenius Medical Care AG, thus further underlining his continued close ties with the Group. The Supervisory Board Bad Homburg v.d.H., March 7, 20031 end of ad-hoc-announcement (c)DGAP 07.03.2003 ——————————————————————————– WKN: 578560; ISIN: DE0005785604; Index: MDAX Listed: Amtlicher Markt in Düsseldorf, Frankfurt (Prime Standard) und München; Freiverkehr in Berlin, Hamburg und Stuttgart 071429 Mär 03