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Volume 10 No. 25
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Executive Transactions

Bundesliga Bayer Leverkusen Managing Dir WOLFGANG HOLZHÄUSER "will step down from his postion at the end of September." The 63-year-old, who has spent 15 years at the club, "will leave Bayer Leverkusen on Sept. 30." Holzhäuser will be replaced by current pharmaceutical company Bayer AG Global Communications Dir MICHAEL SCHADE (SID, 5/14). Schade, 60, said in an email, "I come from sports, I was a sports journalist. Now, at the end of my career, the circle is closing and I'll return to it. I'm very much looking forward to it" (BLOOMBERG, 5/14).

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