Novem Group S.A.: Changes in Management Board

The Supervisory Board of Novem Group S.A. approved Dr. Johannes Burtscher's request to resign as Group CFO on 30 September 2024. His successor, Benjamin Retzer, has been promoted to CFO as part of a well-prepared succession plan. Moreover, Florian Sandner will assume the newly created position of COO to reinforce the Management Board.

Benjamin Retzer has held various finance roles at Novem since 2014, most recently as Vice President Accounting and Tax. He has a master's degree in Business Administration from the Friedrich-Alexander University Erlangen-Nuremberg, Germany.

Florian Sandner, with Novem since 2011, has managed the Group's largest production facility in Querétaro, Mexico. He has a master's degree in Industrial Engineering from the College of Darmstadt, Germany. His most recent role was Vice President Operations Americas.

Dr. Stephan Kessel, on behalf of the Supervisory Board, thanked Dr. Burtscher for his significant contributions and wished him well for the future.