DE

Change in the Executive Board of Schaltbau Holding AG

Mon, 17 Aug 2020 00:00:00


DGAP-Ad-hoc: Change in the Executive Board of Schaltbau Holding AG

Schaltbau Holding AG / Key word(s): Personnel
Change in the Executive Board of Schaltbau Holding AG

17-Aug-2020 / 09:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Change in the Executive Board of Schaltbau Holding AG

 

Munich, 17 August 2020 - Thomas Dippold, the current CFO of Schaltbau Holding AG [ISIN DE000A2NBTL2] based in Munich, is leaving the company at his own request in order to take up a new professional challenge in the future. Mr. Dippold will resign from the Executive Board on 1 September 2020.

Prof Dr Thorsten Grenz, current Deputy Chairman of the Supervisory Board of Schaltbau Holding AG, was appointed Chief Financial Officer (CFO) of Schaltbau Holding AG. Prof Grenz will assume his new position on 1.9.2020. Prof Grenz will serve on the Executive Board on an interim basis in accordance with § 105 (2) sentence 1 of the German Stock Corporation Act (AktG). In the meantime, his Supervisory Board mandate will be suspended.

Mr. Dippold will be available for a smooth handover and will temporarily assist Prof Grenz in an advisory capacity.

Thomas Dippold has been CFO at Schaltbau since the beginning of 2017. "In this function, Mr. Dippold has made a significant contribution to the restructuring and turnaround of the Schaltbau Group to date," emphasizes Dr Hans Fechner, Chairman of the Supervisory Board of Schaltbau Holding AG. "We very much regret his departure and would like to expressly thank Mr. Dippold for his excellent work. We wish him all the best and much success for the future! At the same time, I am pleased that Prof Grenz is taking over the role of CFO of Schaltbau Holding AG on an interim basis".

And Prof. Grenz adds: "I am also looking forward to my new role. At the same time I would like to thank Thomas Dippold for the many years of excellent cooperation and his commitment".

Contact:
Dr. Kai Holtmann
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
Germany
P +49 89 93005-209
investor@schaltbau.de

17-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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