Helmut Jost new CEO of ESCOM AG, Manfred Schmitt to quit Board

Bochum/Heppenheim, 27 March 1996.

The Supervisory Board of ESCOM AG has appointed Helmut Jost (43) as Member of the Board of ESCOM AG with effect from 1 April, 1996. He will replace Manfred Schmitt as the company's CEO. Mr. Schmitt's desire to leave the Board of ESCOM AG has been accepted by the Supervisory Board. He is to quit his post on 31 March, 1996. Mr. Schmitt will continue to serve the company as a consultant.

Helmut Jost has been in the European PC business for many years. After moving up the ranks at Commodore (where he was ultimately the Managing Director of Commodore GmbH and Vice President International), Helmut Jost accepted a post on the board of ESCOM AG in 1993, where he was responsible for the Sales and Marketing functions and for the management of subsidiaries. Since November 1995, he has been head of IBM's German PC business.

In Helmut Jost, ESCOM has succeeded in winning back a man with an outstanding knowledge of the company and its markets.

Info: Dr. Bernd Wirsing / Public Relations
ESCOM AG - Tiergartenstr. 9 - D-64646 Heppenheim - Germany
Tel +49 6252 709 193 - Fax +49 6252 709 417

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