Rainer Schöndube, Member of the Executive Board at Germanischer Lloyd AG, will resign from office leaving the management on September 300. He will, however, stay affiliated with Germanischer Lloyd as adviser. With his retirement Schöndube, who has been responsible for the commercial field and the Industrial Services at Germanischer Lloyd, gives way for a change in the Executive Board. On September 1, 2007 the Executive Board of Germanischer Lloyd will be extended by Dr Joachim Segatz. Dr Segatz will take over Mr Schöndube's finance division. Dr Segatz studied Mechanical Engineering with emphasis on aircraft construction and fluid mechanics at the Technical University Braunschweig, Germany.