EANS-Adhoc: Ashish Sensarma appointed new CEO of Wolford AG as of January 2015

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

Board of Directors (Appointments and Changes)/Company Information
15.12.2014

* Ashish Sensarma appointed as new CEO by Supervisory Board with
Overall Commercial responsibility
* Axel Dreher appointed Deputy CEO

Vienna/Bregenz, December 15, 2014. Today the Supervisory Board of
Wolford AG appointed Ashish Sensarma as the company's Chief Executive
Officer starting on January 7, 2015. In this function, Mr. Sensarma
will be responsible for marketing and sales as well as the
coordination of the corporate strategy. "We are very pleased that
Ashish Sensarma, a world-class fashion expert with strong retail
credentials, will join the board in January. He is an optimal
addition to our strong management team of Axel Dreher (COO) and
Thomas Melzer (CFO) contributing specific international marketing and
sales expertise, two areas of importance for our company's success.
His proficiency in driving profitable growth and passion for creating
consumer satisfaction are exactly what we need", commented Dr.
Antonella Mei-Pochtler, Chairwoman of the Supervisory Board. At the
same time the Supervisory Board appointed Axel Dreher as Deputy CEO
to guarantee continuity in the management of the company.

Ashish Sensarma has over 30 years of experience in the apparel
industry. He is a specialist in branded retailing with a global
understanding of consumer aspirations in the mid market and luxury
segments, coupled with a deep knowledge of multi-distribution
channels. He is Indian by birth and a Dutch National. He started his
career at Mexx which spanned over 20 years, where he started the
retail business from inception and grew it to over Euro 400 million
operating over 300 stores. He left the company in 2006, a few years
after it was sold to Liz Claiborne. Recently, as the COO of
Vilebrequin, a luxury swimwear brand, he was responsible for making
the brand a leader in its segment globally. Mr. Sensarma is 55
years-old, he is married and has two grown- up children. He holds a
Bachelor of Science in Business Administration from Nichols College
in Dudley, MA, with a major in Finance.

Further inquiry note:
Antonella Mei-Pochtler
Chairwoman of the Supervisory Board of Wolford AG
+43 (0) 5574 690-1268

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Wolford Aktiengesellschaft
Wolfordstrasse 1
A-6900 Bregenz
phone: +43 (0) 5574 690-1268
FAX: +43 (0) 5574 690-1219
mail: investor@wolford.com
WWW: company.wolford.com
sector: Textiles & Clothing
ISIN: AT0000834007
indexes: ATX Prime, ATX Global Players
stockmarkets: free trade: Frankfurt, regulated dealing: Wien, ADR: New York
language: English