Due to differing views on the future strategic direction of arvato, Eckhard Südmersen (52), CEO of arvato services CEE and member of the executive board of arvato AG, has decided to leave the company. He resigns from all his positions within the Group with immediate effect in order to take up new business challenges outside arvato.
The Board of Directors of Courier Corporation (Nasdaq: CRRC), has declared a dividend of 21.0 cents per common share, payable February 25, 2011 to stockholders of record on February 11, 2011.
Sales Off 3% Overall, But Digital Business Up Sharply
The Management Board of schlott gruppe AG (WKN 504630 / ISIN DE0005046304) has submitted an application to the District Court of Nuremberg for the commencement of insolvency proceedings on the grounds of financial insolvency and excessive indebtedness.
Additional applications submitted for all domestic Group companies
Following the breakdown of negotiations with one of the company’s investors at the end of last week, proposals put forward at a meeting with the company’s banks for the purpose of securing additional funds for the sustained financing of schlott gruppe AG today also failed. Thus, the continuation of schlott gruppe AG as a going concern is no longer viable.
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