Dr. Thomas Vollmoeller, 52, currently the acting CEO of Valora Holding AG, has been appointed to the Board of Directors of XING AG, effective as of August 15, 2012. He will take up his position as CEO no later than January 15, 2013. Dr. Stefan Gro-Selbeck, CEO of the company since January 2009, will not renew his contract and will leave the company upon its expiry in January 2013.