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Demerger by year-end fully on track - Marc Oliviť decides to pursue other challenges


In full agreement with the Board of Directors, Marc Oliviť, President and CEO of the Agfa-Gevaert group has announced his decision to resign from his positions effective June 30, 2007.

In view of the announced demerger of Agfa-Gevaert into three independently listed companies, which will each operate with a dedicated management team, Marc Oliviť had already indicated at an earlier stage that he considered his task to be fulfilled and that he would look for other challenges.

The demerger project is fully designed and its implementation entirely on track. Both parties therefore agreed to separate now in order to allow each of them to better concentrate on their respective futures. Agfa recognizes and appreciates the contribution of Marc Oliviť in the reorganization process of the last years and is confident that it will be successfully completed before year-end.

To assure the continuity, the Board has requested its Chairman and previous CEO, Ludo Verhoeven, to assume the day to day follow-up of the demerger and its implementation and has requested him for this purpose to act during this interim period as the President of the Executive Committee.


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