DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft: Supervisory Board appoints Roman Velke Chief Financial Officer (CFO)

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Personnel

DEAG Deutsche Entertainment Aktiengesellschaft: Supervisory Board appoints Roman Velke Chief Financial Officer (CFO)

15.03.2019 / 12:03

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Corporate News

DEAG: Supervisory Board appoints Roman Velke Chief Financial Officer (CFO)

Berlin, 15 March 2019 - The Supervisory Board of DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), Berlin, (ISIN: DE000A0Z23G6 | ERMK), has appointed Roman Velke to serve as CFO of DEAG with effect from 1 April 2019. Roman Velke takes over the position from his predecessor Ralph Quellmalz, who is leaving DEAG at his own request in most mutual amicable agreement.

Roman Velke has close to 20 years of experience in the areas of finance and auditing and primarily has been working directly and indirectly in the live entertainment industry since the beginning of his career. The graduate salesman and auditor was with BDO AG Wirtschaftsprüfungsgesellschaft until 2011 and subsequently held various positions in finance at DEAG. Roman Velke most recently held the position of "Divisional Board Member - Business & Financial Affairs, M&A" at DEAG's second management level. In this position, he supported the Executive Board in the implementation of M&A projects, the strategic development and expansion of business areas and in the area of corporate finance. As CFO, Roman Velke will now be responsible for Management Board areas of Finance and Investor Relations as of

1 April 2019.

Ralph Quellmalz is leaving the company to take on new professional challenges. During his term in office, important decisions were made on the further strategic development of DEAG into a leading provider of Live Entertainment, such as focusing in particular on the growth of the profitable Family Entertainment and Arts+Exhibitions divisions. Ralph Quellmalz has set DEAG on an important course towards internationalisation and has set decisive impulses for strengthening profitable growth and capital market communication. The Supervisory Board expressly thanks Ralph Quellmalz for his successful work and commitment - he has thus initiated an important process for the further development of DEAG. The Supervisory Board and the company wish Ralph Quellmalz all the best for his future career and life as well as continued success.
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