PUMA's Supervisory Board Members to resign on Jan 9
15 Dec '05
1 min read
Leading Sport Lifestyle Company PUMA AG announces that two members of PUMA AG's supervisory board, Arnon Milchan and David Matalon, who represent PUMA's former major shareholder Regency, will resign from the supervisory board effective January 9, 2006.
PUMA will file an application with the competent municipal court in Fürth that the court as new supervisory board member is provisionally appointing a representative of PUMA's major shareholder Mayfair, Dr. Rainer Kutzner.
Further, the board of management and supervisory board will nominate Dr. Kutzner, managing director of Mayfair GmbH, together with a second replacement candidate for election by the shareholders for the next annual general meeting.
Arnon Milchan has been a member of the PUMA supervisory board since 1997, David Matalon since 1999.
PUMA endeavors not only to be the most desirable Sportlifestyle brand, but also to be the first truly virtual sports company.
Company will achieve their goals by continuing to do what they have always done – harnessing their resources and experiences to provide their consumers with innovative products that successfully fuse the creative influences from the world of sport, lifestyle and fashion. Established in Herzogenaurach, Germany in 1948, PUMA distributes products in over 80 countries.
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