Change in management at Peaches Group

Long-serving executive to leave company at own request
(PresseBox) (Wiesbaden, ) The Supervisory Board of listed company PEACHES AG, which functions as the holding company for Peaches Group, voted to approve a change in senior management at its last meeting.

Matthias Mathieu, founder and long-serving company Chairman, has asked the Supervisory Board to be released from his contractual duties as of 30 June 2013. The Supervisory Board has agreed to his request and unanimously voted to end his tenure of his current position on that date.

As managing director of Munich-based Mountain Lake Investment GmbH, Matthias Mathieu will in future devote his attention to the venture capital business. The company is a subsidiary of the eponymous Swiss firm and is already a shareholder in a number of businesses throughout Germany.

“I started planning my resignation at Peaches quite some time ago. My decision takes into account the firm’s extensive restructuring, and I am leaving behind a dynamic company that is well equipped to face the future. I wish my successor, who provided me with invaluable support when overhauling the company and its objectives, all the very best with the task of successfully positioning Peaches within the market.”

Reinhold M. Sigler, Managing Director of the company’s subsidiaries since the start of 2012, is designated as Mathieu’s successor to lead the Group, which is currently valued at EUR 50 million on the stock market.


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