Julien De Wilde, Chairman of the Board of Directors, stated: "Jo Cornu has taken the position of CEO on December 1, 2007 under very difficult circumstances. He has lead Agfa-Gevaert through the economic crisis and has put the company back on track. Agfa-Gevaert now has a strong management team, a clear strategy, a better cost structure and a significantly lower level of debt. The Board of Directors respects his request to end his mandate at the end of April. As a Board member, Jo Cornu will continue to support the company with his experience."
Christian Reinaudo (55) is of French nationality. He has shown strong leadership as President of Agfa HealthCare during the past two years. Under his leadership, Agfa HealthCare has returned to a strong level of performance. Before joining Agfa-Gevaert, Christian Reinaudo occupied a number of important positions in the Alcatel Group, such as President of the Optics Business Group, President of Alcatel in Asia Pacific and President of Alcatel for Northern and Eastern Europe. The Board of Directors is convinced that he has all the necessary qualifications to lead Agfa-Gevaert in the coming years. In the near future, Christian Reinaudo will also remain President of the Agfa HealthCare business group.