As officially confirmed earlier today, Oliver Hein, Managing Director Sales at German S.Oliver Group based in Rottendorf and deputy of CEO Bernd Freier, will not extend his contract that will expire July 31, 2012. There have not been made any comments on his succession or on the reasons for his forthcoming departure.

Hein has been working for the company for the last ten years, and in his current position is responsible for the fields retail, wholesale, franchise, e-commerce, mail order business and outlets.