Press release

Gruner + Jahr and Motor Presse appoint Sonia Fuentes Managing Director of GPS

Hamburg, 09 February 2011 –

Effective 1 March 2011 the Board of Directors of the Spanish publishing services company Gesti;oacute;n de Publicaciones y Publicidad (GPS) appointed previous CFO Sonia Fuentes to the position of Managing Director of GPS.GPS was founded in 2007 as a publishing services joint venture with its registered office in Madrid and equal shares held by GyJ Espa;ntilde;a (Gruner + Jahr) and Motorpress Ibé;rica (Motor Presse Stuttgart). GPS provides a comprehensive range of publishing services, from production and distribution to advertisement sales and complete IT solutions as well as administrative services.

The appointment of Sonia Fuentes as Managing Director has strengthened the management structure of GPS. The founding partners are withdrawing from operational business. Dr. Maike Schlegel remains President and Managing Director of Motorpress Ibé;rica as well as CEO of Motor Presse International with responsibility for all international business activities of Motor Presse Stuttgart. Markus Kley remains Managing Director of GyJ Espa;ntilde;a. Both maintain their positions as President and Vice President of the Board of Directors of GPS.

Sonia Fuentes began her career upon conclusion of her university degree in Business Administration and Engineering with the international accounting and consulting firm Deloitte, where she advanced to the position of Audit Team Leader. After this she joined GyJ Espa;ntilde;a, working as Head of Controlling. In 2008 Sonia Fuentes came to GPS and as Chief Financial Officer was responsible for the areas of finance, management accounting and administration.

Dr. Maike Schlegel, President of GPS: "This new management structure will strengthen the autonomy of GPS and as a leading provider of publishing services GPS can now also make a name for itself with external clients in the Spanish magazine branch." Markus Kley, Vice President of GPS: "Sonia Fuentes can look back on a long and successful career in management in the publishing field. We are convinced that under her leadership GPS will be a valued partner for its clients. We wish her all the best for her new assignment."

For further information:
Stefan Braunschweig
Head of Corporate Communications
Motor Presse Stuttgart GmbH & Co. KG
70174 Stuttgart
Phone +49 (0)711 / 182 - 1289
Fax: +49 (0)711 / 182 - 271289
Christian Merl
Vice President, Media Relations
20444 Hamburg
Phone +49 (0) 40 / 37 03 - 29 08
Fax: +49 (0) 40 / 37 03 - 56 17