COR&FJA AG announced that the chairman of the board of directors, Ulrich Wörner, resigned with immediate effect from his office as member of the board and as chairman of the board. His resignation from office was the result of differing views on company policies. Mr. Wörner's director's service contract was also terminated by mutual agreement with immediate effect.

The company also announced that its supervisory board appointed Dr. Christian Hofer as new chairman of the board with effect from February 1, 2013. Dr. Hofer had already resigned from his previous office as member of the supervisory board. Dr. Hofer will only carry out the office as chairman of the board for an interim period of 15 months until a permanent successor to Mr. Wörner is found.

During the interim period Dr. Hofer will promote the strategic reorganisation of the COR&FJA AG group.