17.01.2011

Supervisory Board of OHB-System AG suspends CEO Berry Smutny with immediate effect

The CEO of OHB-System AG, Berry Smutny, has been suspended with immediate effect. After the General Assembly of OHB-System has voted to remove the confidence, the Supervisory Board passed a unanimous resolution to revoke Mr. Smutny’s appointment to the position of CEO of the company. This was in response to the fact that over the past few weeks the Norwegian daily “Aftenposten” had repeatedly published and commented on documents recording the contents of a conversation between Mr. Smutny and diplomats at the US embassy in Berlin. The Supervisory Board disapproves these conversations and the quotes attributed to Mr. Smutny.

The General Assembly and the Supervisory Board saw no alternative to this decision in order to effectively avert any further damage to the company on the part of customers, political representatives and the public at large. Marco R. Fuchs, the CEO of the parent company OHB Technology AG, will additionally be assuming the position of CEO of OHB-System AG until further notice and will share the duties of Mr. Smutny with the Members of the Management Board, Dr. Fritz Merkle and Frank Negretti.

On behalf of the Company, the Supervisory Board thanked Mr. Smutny for the work that he had performed over the past 18 months, particularly stressing the fact that last year had been the most successful in the company’s history.

Contact for media representatives:

Martin Stade
Head of Corporate Communications
Phone: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
e-mail: pr@ohb.de