MLP continues further development – change within Executive Board

• Muhyddin Suleiman to leave the Executive Board in mutual agreement and on the best amicable terms – the position will not be refilled
• Amalgamation of strategy and all client activities under the responsibility of CEO Dr. Uwe Schroeder-Wildberg
• Close integration of private client and corporate client business

Wiesloch, 19th March 2014 – MLP AG continues to further develop its business. In view of the professional reorientation of Muhyddin Suleiman, the company is amalgamating responsibility for strategy and all client activities under the leadership of Chief Executive Officer Uwe Schroeder-Wildberg – a step which is designed to further tighten the management of the operating business.

Muhyddin Suleiman, Executive Board member of MLP AG and MLP Finanzdienstleistungen AG with responsibility for sales will be resigning from both executive bodies on 31st March 2014 in mutual agreement and on the best amicable terms in order to pursue new professional challenges outside the MLP Group.

“Muhyddin Suleiman has played a significant role in the further development of the company in recent years,” comments Chief Executive Officer Uwe Schroeder-Wildberg. Today, MLP stands on a considerably broader revenue base than it did a few years ago, the corporate client business has been firmly established as an important additional pillar and the Executive Board has aligned its strategy to serve as clients’ first point of contact in all aspects of finance. “On behalf of the entire Executive Board I would like to thank Muhyddin Suleiman for the valuable contribution he has made and wish him every success in the future.” The Supervisory Board also thanks Muhyddin Suleiman for his longstanding and successful years of service.

The Executive Board position with responsibility for sales will not be refilled. Uwe Schroeder-Wildberg, who as Chief Executive Officer oversees all aspects of strategy, will also take over operative responsibility for two additional key areas, namely the private client business and the corporate client business at MLP Finanzdienstleistungen AG. In the private client business, four regional divisional heads will report to the CEO. These executives possess extensive experience stemming, in part, from their many years of service as branch managers. In the corporate client business, the Head of occupational provision and associations will report to Uwe Schroeder-Wildberg. In addition, the CEO will also assume responsibility for client relationship management, target group management and marketing – three important areas that steer client contact from the back office.

Chief Financial Officer Reinhard Loose will also assume responsibility for human resources, legal affairs, internal audit and compliance. In future, the subsidiary ZSH will fall under the responsibility of Executive Board member Manfred Bauer (Products & Services).

“We will further accelerate the transformation of MLP into a broad-based consulting house. The goal of our growth initiatives, which we presented at the end of February, is to make MLP even more independent of short-term market influences. In this respect we will take measures to further broaden our revenue base which will include further strengthening of the corporate client business as well as the introduction of an extended range of real estate offerings,” comments Uwe Schroeder-Wildberg. “The reallocation of responsibilities within the Executive Board supports this development by enabling even closer integration and interaction of client activities, thereby further tightening the management of our operating business.”The curriculum vitae of the management team can be viewed at
http://www.mlp-ag.com/corporate-profile/mlp-management

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