The Supervisory Board of Nexway AG announces that it has decided to appoint Jan Schulmeister and Christian Herkel as new members of the Executive Board (Vorstand) with immediate effect. Jan Schulmeister, formerly in various leadership positions with companies in both Germany and Switzerland, most recently at Credit Suisse, will serve as CFO, while Christian Herkel, a long-standing member of the management of the company, will act as CEO. Norman Hansen, the current CEO, has stepped down from his position with immediate effect.