Ad-hoc announcement in compliance with Art. 17 MAR

The Supervisory Board of euromicron AG (WKN A1K030) today decided to make changes to the Executive Board of euromicron AG in an extraordinary meeting:

Effective January 1, 2020, Dr. Michael Hofer will be appointed Chief Financial Officer (CFO) and Dr. Andreas Schmid Chief Operations Officer (COO) on the Executive Board of euromicron AG and are thus joining the current Executive Board comprised of Bettina Meyer (since March 31, 2015) and Dr. Frank Schmitt (since February 1, 2019). The appointment as a member of the Executive Board and the contract of Bettina Meyer will end as agreed with effect from March 31, 2020.

In this context, the distribution of responsibilities within the Executive Board will also be newly regulated as of January 1, 2020:

• Dr. Michael Hofer: Chief Financial Officer (CFO) Finance, Controlling, Human Resources, IT
• Dr. Frank Schmitt: Chief Operations Officer (COO) “Critical Infrastructures” segment and “Distribution” segment
• Dr. Andreas Schmid: Chief Operations Officer (COO) “Smart Buildings” segment

Bettina Meyer will continue to fully assume her current role as Spokeswoman of the Executive Board with unchanged responsibilities until the end of the year and will gradually hand over the reins to her colleagues from January 1, 2020, on.

There will be no new appointment of a Spokesperson of the Executive Board or a Chairman of the Executive Board as of January 1, 2020; all members of the Executive Board will manage the business jointly.

With this expansion and replacement of the Executive Board, the Supervisory Board is also initiating a new phase in euromicron AG’s realignment. The appointment of an experienced CFO with many years of expertise in the project business and in the service business with digital transport infrastructures is intended to further improve the business processes for increasing the operating earning power of the companies. The appointment of a further Executive Board member with strong technical skills and the direct assignment of the operational and strategic responsibility of the two Chief Operations Officers to the respective segments is intended to strengthen corporate management, including responsibility for earnings, but also to drive forward the strategic realignment of the segments for the future.

Communicating person:
Ariane Manthey
Investor Relations Manager
Phone: +49 69 631583-293
ariane.manthey [at] euromicron.de