LEUVEN, Belgium – May 29, 2012 – Option (EURONEXT: OPTI; OTC: OPNVY), a global leader in wireless connectivity, security and experience, today announced that Olivier Lefebvre is stepping down as Chairman of the Board of Directors effective immediately. Jan Callewaert has been elected as Chairman of the Board and continues to serve as CEO of the Company.
Olivier Lefebvre, who has been an Option Board Member since July 2008 and was Chairman since February 2010, has decided to focus full time on his new responsibilities as CEO of Xylowatt. Mr. Lefebvre remains a member of the Board of Directors of Option.
Option’s Board of Directors has six (6) members: Olivier Lefebvre, Jan Callewaert, Philip Vermeulen, Lawrence Levy, David A. Hytha and Francis Vanderhoydonck.