Amtel Founder Resigns
Amtel-Vredestein N.V. (AV’s) has announced that Amtel founder and the Chairman, Dr Sudhir Gupta, stepped down as chairman of AV’s Supervisory Board on 31 August. Maxim Ignatiev, Chairman of the Board of Sport and Fashion Group (formerly Reebok Russia) and Amtel-Vredestein N.V. Vice-Chairman will become Acting-Chairman. Supervisory Board member, Tariq Chaudri, has also resigned as a director with effect from 4 September 2007.