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New CFO of AC-Service AG / Stefan Land

Leading SAP full-scale service provider garners an experienced finance and capital-market expert. Ongoing growth strategy and realignment continue to be pursued with added vigour.

Stuttgart, 13 December 2007 – The graduate economist Stefan Land (40) has been named the new chief financial officer of AC Service AG. The company, a leading full-scale SAP service provider, is pleased to report the addition of such an experienced finance and capital-market expert. Land was responsible for the controlling and finance of numerous companies both in Germany and abroad and has extensive experience in the restructuring of rapidly growing and internationally operating companies. In 2001 he joined the publicly listed company PULSION Medical Systems AG, Munich, where as CFO he engineered the organisation's successful turnaround.

Stefan Land: »I am really looking forward to this exciting task. The new strategic alignment already in action, its highly promising results and the growth strategy being pursued all offer outstanding perspectives on both the customer and capital markets.«

Lars Landwehrkamp, the spokesman of the AC-Service AG board of directors: »We are delighted to welcome such an experienced expert as Stefan Land to the board as chief financial officer. As one of the leading full-scale service providers when it comes to SAP, we intend to use this change in the boardroom to further reinforce the ongoing realignment of the AC-Group and the growth strategy we are following.«

AC-Service AG and its chief financial officer and board member Marco Fontana bring their relationship to a close effective 31 March 2008. Fontana will be pursuing new opportunities after more than 14 years with AC-Service. The supervisory board would like to express to Fontana its sincere appreciation for his dedicated and energetic support during the years it took to build the company and for the successfully initiated realignment. It also wishes him all the best in his future endeavours.

Stefan Land will start work as the AC-Service AG chief financial officer effective 1 April 2008. He will already be available to assist the company in an advisory capacity beginning in February 2008.