DGAP-News: WILEX AG: Professor Olaf G. Wilhelm leaves the Executive Management Board on 31 March 2014, Dr Jan Schmidt-Brand will

 DGAP-News: WILEX AG: Professor Olaf G. Wilhelm leaves the Executive Management  Board on 31 March 2014, Dr Jan Schmidt-Brand will lead the Company  DGAP-News: WILEX AG / Key word(s): Change of Personnel WILEX AG: Professor Olaf G. Wilhelm leaves the Executive Management Board on 31 March 2014, Dr Jan Schmidt-Brand will lead the Company  24.02.2014 / 21:50  ---------------------------------------------------------------------  PRESS RELEASE   Professor Olaf G. Wilhelm leaves the Executive Management Board on 31 March 2014, Dr Jan Schmidt-Brand will lead the Company  Munich, Germany, 24 February 2014. WILEX AG (ISIN DE0006614720/ WL6 / FSE) today announced that Professor Olaf G. Wilhelm will step down as Chairman of the Executive Management Board when his director's contract expires on 31 March 2014.  As a co-founder of the company (1997) and Chief Executive Officer of WILEX AG since 2001, Professor Wilhelm will leave the Company in view of the future direction of the company and the necessary adjustments by mutual consent with the Supervisory Board and maintains a good relationship with his colleagues. The Supervisory Board of WILEX AG thanks Professor Wilhelm for his many years of service, his entrepreneurship and his great dedication to WILEX.  Dr Jan Schmidt-Brand, who has been the company's Chief Financial Officer since 2012, will lead the Executive Management Board of WILEX AG effective 1 April 2014. Going forward, he will hold both posts and continue to serve as Managing Director of Heidelberg Pharma GmbH. Dr Paul Bevan will remain responsible for the Group's R&D activities and make himself available as the main point of contract for licencing talks in connection with WILEX' projects.  These decisions also reflect the re-positioning of WILEX. WILEX will focus on the ADC technology and push the commercialisation of the clinical development projects with a team of approximately 50 employees with emphasis in Ladenburg.  Professor Olaf G. Wilhelm, CEO of WILEX AG, commented: "The necessary cost-cutting programme will inevitably result in a company alignment significantly limiting the freedom to shape its business which has been both the goal and motivation of my entrepreneurial work from the company's foundation until today. I thank all of our employees for their support - especially in the last months."  Professor Christof Hettich, chairman of the Supervisory Board, commented: "I would like to thank Professor Wilhelm for his dedicated work in the past years. The Supervisory Board believes that the future focus of development by the WILEX Group will be on the highly topical and promising antibody drug conjugate technology developed and marketed by its subsidiary Heidelberg Pharma. This ADC technology is one of the most promising approaches worldwide in the area of these new cancer therapies. Heidelberg Pharma has been successfully working on this technology for years. This view is reflected in the decision regarding the future Group's management."  About WILEX  WILEX AG is a biopharmaceutical company based in Munich, Germany. Focused on oncology, WILEX develops diagnostic and therapeutic product candidates for the specific detection and targeted treatment of various types of cancer based on antibodies and small molecules. The subsidiary Heidelberg Pharma GmbH in Ladenburg offers preclinical contract research services and an antibody drug conjugate (ADC) technology platform. Our customers and partners include leading international pharmaceutical companies. WILEX AG is listed at the Frankfurt Stock Exchange. ISIN DE0006614720 / WKN 661472 / Symbol WL6. More information is available at www.wilex.com.   Contact                                 For press enquiries WILEX AG                                MC Services AG Corporate Communications                Katja Arnold (CIRO) Sylvia Wimmer                           Tel.: +49 (0)89-41 31 38-126 Tel.: +49 (0)89-41 31 38-29             Tel.: +49-89-210 228-40 Email: investors[at]wilex.com           Mobil: +49 160 9360 3022 Grillparzerstr. 10, 81675 Munich,       E-Mail: katja.arnold[at]mc- Germany                                 services.eu   This communication contains certain forward-looking statements relating to the Company's business, which can be identified by the use of forward-looking terminology such as "estimates", "believes", "expects", "may", "will" "should" "future", "potential" or similar expressions or by a general discussion of the Company's strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results of operations, financial position, earnings, achievements, or industry results, to be materially different from any future results, earnings or achievements expressed or implied by such forward-looking statements. Given these uncertainties, prospective investors and partners are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such forward-looking statements to reflect future events or developments.   End of Corporate News  ---------------------------------------------------------------------  24.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.  DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de  ---------------------------------------------------------------------   Language:    English                                                 Company:     WILEX AG                                                             Grillparzerstr. 10                                                   81675 München                                                        Germany                                                 Phone:       +49 (0)89 41 31 38 - 0                                  Fax:         +49 (0)89 41 31 38 - 99                                 E-mail:      info@wilex.com                                          Internet:    www.wilex.com                                           ISIN:        DE0006614720                                            WKN:         661472                                                  Listed:      Regulierter Markt in Frankfurt (Prime Standard);                     Freiverkehr in Berlin, Düsseldorf, München, Stuttgart       End of News    DGAP News-Service   ---------------------------------------------------------------------   254067 24.02.2014