cdv Takes the First Step in Top Management Reorganization Efforts
Posted by: EG Admin on July 10, 2007 2:34:55 PM (73 Reads)

Finance expert Grau to become new CFO

After its successful financial turnaround, cdv Software Entertainment AG is now paving the way for a changeover in its management. Last night, the company, headquartered in Bruchsal, Germany, announced that as of August 1 the successful financial expert, Michael Grau, will strengthen the management board in the role of CFO. The announcement of further personnel changes as part of a long-term reshuffle of cdv's management team is expected at the upcoming annual general meeting in August.

The right team for a financial reboot

Until recently, Mr. Grau was the Financial Director of Ingenium Pharmaceuticals AG and '" through various positions in the financial sphere of Warner Bros. Entertainment group '" has gathered the necessary professional know-how within the entertainment and distribution sector. cdv's Chairman of the Board, Dr. Michael Rimbeck, was delighted by Grau's decision to join the company, saying, '"His wide range of competencies and financial experience '" especially in companies going through a financial crisis '" is invaluable for cdv. Strong financial operations are of great importance for the economic viability of a publicly-traded company. Michael Grau is therefore the right man for the job, continuing cdv's long-term successful growth.'

Grau is also excited about his new duties, '"cdv is an excellent company, whose new innovative business model has awakened expectations. I look forward to being part of these exciting developments by contributing my know-how and dedication.'

Further management changes expected

Michael Grau will not be the only change at the top this summer '"negotiations with other respected potential board members are currently underway. Confirmation of further appointments is expected at the upcoming annual general meeting on August 17.


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