Bastei Lübbe AG: Andrew Irvine resigns as CEO of oolipo AG after successful market entry of mobile storytelling platform

Cologne, 7th December 2016. Andrew Irvine has resigned from his position as interim Chief Executive Officer (CEO) and Member of the Management Board at oolipo AG, a platform and marketplace for serialized, media-driven storytelling and subsidiary of Cologne-based publishing house Bastei Lübbe AG. As agreed upon his nomination Andrew Irvine steps down from his position after having successfully built the company and achieved the market entry. The resignation is effective as of 28th November 2016.

Andrew Irvine joined oolipo AG in November 2015 to take the role of CEO until market entry. As Director of the British investor Blue Sky Tech Ventures, he was tasked with implementing oolipo’s strategy to become the leading portal for modern digital readers. The beta version of oolipo was launched in August 2016, the official international roll-out is planned to commence Q1 of 2017.

Bastei Lübbe CEO Thomas Schierack comments: “Based on his entrepreneurial and financial experience as well as his in depth understanding of the opportunities in digital content platforms, Andrew Irvine has put together a valuable framework for oolipo which is now excellently positioned for this potential boom market. We would like to thank him for his good work.”

Andrew Irvine comments: “Imagine a world that makes better use of increasingly improved native features on those mobile devices that all carry – making both storytelling and story experience much richer. It has been an interesting challenge to put all the moving pieces together within a short time line – with the result of oolipo being well-positioned to take the lead in this exciting new market.”

About Bastei Lübbe:

Bastei Lübbe AG is an international media group based in Cologne. Its business operations focus on developing and licensing content distributed worldwide physically and digitally. The company's core business includes the traditional publishing business and the periodical puzzle magazines and novel booklets in the "Book" segment. With its twelve publishers and imprints, the group of companies currently offers approximately 3,600 titles in fiction, non-fiction and books for children and young adults. In the growing segment of hardcover fiction, the company has been the market leader in Germany for many years. At the same time, Bastei Lübbe is driving innovation in the field of digital media. As well as the production of thousands of audio and e-books, the "Digital" segment also includes holdings in the self-publishing platform "BookRix" and the renowned games publisher "Daedalic Entertainment". Bastei Lübbe AG's value chain is completed by the investment in the online shop "beam-ebooks.de" and the new and internationally unique streaming platform "oolipo". With currently 334 employees and an annual turnover of roughly EUR 102.5 million (financial year 2015/2016), Bastei Lübbe AG is the largest medium-sized family company in the German publishing industry. Since 2013, the company's shares have been listed in the Prime Standard of the Frankfurt Stock Exchange (WKN A1X3YY, ISIN DE000A1X3YY0). Further information is available at www.luebbe.de.

About Blue Sky Tech Ventures:

Blue Sky Tech Ventures is a UK based investment vehicle with a focus on early stage investments to enable European digital and technology opportunities. Blue Sky Tech Ventures takes an active management approach in building companies together with strategic partners and / or Corporates. www.bstventures.co.uk.

Kontakt Bastei Lübbe AG:
Barbara Fischer
Leiterin Presse- und Öffentlichkeitsarbeit
Tel.: 0221 / 82 00 28 50
E-Mail: barbara.fischer@luebbe.de

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