XING AG - Lars Hinrichs, architect and CEO of XING, easily over to Dr. Stefan Gross-Selbeck

Supervisory Board appoints Dr. Stefan Gross-Selbeck as new CEO of XING AG with aftereffect as of January 15, 2009

- Founder and accepted CEO Lars Hinrichs becomes affiliate of Supervisory Board

Hamburg, November 24, 2008 – From January 15, 2009, Dr. Stefan Gross-Selbeck has been appointed as the new CEO of XING AG (O1BC/ISIN DE000XNG888), Europe’s arch online business network. He will accompany and augment XING’s advance strategy. Dr. Stefan Gross-Selbeck succeeds Lars Hinrichs, who will become a affiliate of the company’s Supervisory Board, area he will abide to abutment the aggregation in an advising capacity.

Dr. Gross-Selbeck to barrage a new advance appearance in the B2B and B2C divisions

Following 5 actual acknowledged years beneath Lars Hinrichs’ leadership, with accelerated and abiding advance at home and abroad, XING is able-bodied positioned for added advance in both its B2B and B2C divisions. XING has adjourned its advance wholly with disinterestedness and is debt-free. Lars Hinrichs comments “As the bazaar baton in Europe, with added than 170 advisers we crop affliction of 6.5 actor associates and accept succeeded in breeding almanac abstracts for the amount of users, sales revenues and balance during anniversary of the seven advertisement abode back our IPO. After active XING for 5 years as Founder & CEO, as able-bodied as creating the structures to calibration the business, I am captivated to duke over to Stefan, a actual acknowledged and accomplished Internet manager. XING has developed up and completed the alteration from a acknowledged startup to a assisting aggregation with outstanding advance perspectives.” Lars Hinrichs adds “I am assertive that XING will abide its success adventure with Dr. Stefan Groß-Selbeck at the top. During his time as General Manager of eBay Germany, he accepted his adeptness to auspiciously administer a fast-growing web-based business, a adequacy that actual few accomplished managers can offer. I am captivated that we accept succeeded in recruiting him for XING”.

New CEO has all-encompassing administration acquaintance with web-based association businesses

Dr. Stefan Groß-Selbeck commented on adjustment as follows: “I’m absolutely analytic advanced to active such a activating and acknowledged business. XING is alluringly positioned, and the structures for scalability of the business accept already been created. I accompany my accurate acquaintance in both B2B and B2C to advice ascertain the next appearance of added accumulated growth.” As CEO, Stefan Gross-Selbeck will be amenable for the added amplification of the XING network, the addition of new filds of action and the connected advance of the ambit of casework offered to XING’s members. He will aswell augment the internationalization of the business. Holding an MBA from INSEAD he formed for Boston Consulting Group from area he afflicted to ProSiebenSat1 Media AG. Since 2002 Groß-Selbeck formed in assorted managing positions for eBav. He is amenable for the German business analysis back 2004 and supervised the company’s growth. During the contempo years, Germany became the better and a lot of important eBay-market alfresco the U.S. and is today the eBay-market with the accomplished ability worldwide. During a abrupt alteration phase, Dr. Stefan Gross-Selbeck will be allied carefully with Lars Hinrichs and will gradually crop on the responsibilities involved.

Supervisory Board acknowledgment Lars Hinrichs for his outstanding contribution

Lars Hinrichs, the architect and accepted CEO of XING, is handing over to Dr. Stefan Gross-Selbeck and will become a affiliate of the company’s Supervisory Board, area he will abide to abutment the aggregation with his all-encompassing experience, ability and valueable insights. “As an administrator in the actual best faculty of the word, Lars Hinrichs accustomed XING and complete the European bazaar baton in its field. He has approved how a German Internet aggregation can become acknowledged internationally. The Supervisory Board wishes to accede Lars’ abundant addition as the active force abaft the success of XING. We attending advanced to continuing our abutting cooperation with him in his new role on the Supervisory Board”, said Dr. Neil Sunderland, the Chairman of XING’s Supervisory Board. “We are assertive that Dr. Stefan Gross-Selbeck is the appropriate man to build-on XING’s arch position in Europe, to advance the aggregation into a above abiding amateur in the common web and, a lot of importantly, to accommodate our associates with an accomplished alms that leads the market”, Sunderland added.

Thorsten Vespermann

Director Corporate Communications
XING AG
Gaensemarkt 43
20354 Hamburg
Germany

+49 40-419131-763
press@xing.com
www.xing.com/profile/Thorsten_Vespermann/

About XING
XING is the arch arrangement for business contacts in Europe. Far added than a agenda of business contacts, XING makes your able arrangement an breath allotment of your life, enabling associates to ascertain able people, opportunities and privileges through its different analysis adequacy and beat acquaintance administration tools.With the acknowledged IPO of XING as the aboriginal Web 2.0 aggregation to go public, XING AG has had a abiding appulse on the amusing networking trend amidst professionals. By absorption on the ambition accumulation 'business humans worldwide', the aggregation is able to action tailored features, thereby authoritative networking and acquaintance administration simpler. Besides Headquarters in Hamburg, XING AG is aswell represented with offices in Barcelona, Istanbul and Beijing.
XING. Powering Relationships.