Valora: CEO Peter Wüst to assume management of Valora Retail Switzerland.

With immediate effect, Valora CEO Peter Wüst will assume management responsibility for Valora Retail Switzerland, in addition to his other Group executive duties. He has made management of this area his principal task, following the poor results it generated in the first half of 2007.

Manfred Zipp, CEO of Valora Retail, who had previously managed the business, will leave the Valora Group by mutual agreement.

As already announced Valora will hold media and analysts’ conferences on Tuesday, August 28th, 2007, presenting the interim results in detail and outlining measures to improve profitability in the Group’s kiosk business.