Agfa’s board of directors will propose Renaudo’s appointment to shareholders at the AGM, and will also propose the re-election of Cornu as a member of the board of directors.

Julien De Wilde, chairman of the board of directors says, “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.”

The company says that Reinaudo, age 55, has shown strong leadership as President of Agfa HealthCare during the past two years. Before joining Agfa, Reinaudo occupied a number of positions in the Alcatel Group, including president of the Optics Business Group, president of Alcatel in Asia Pacific and president of Alcatel for Northern and Eastern Europe.

In the near future, he will remain president of the Agfa HealthCare business group.

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