ProCredit Holding AG Extends Contract of Hubert Spechtenhauser as Management Board Chair

The Supervisory Board of ProCredit Holding AG has announced an early contract extension for Management Board Chair Hubert Spechtenhauser, prolonging his tenure until the end of February 2026. This decision reflects the board's commitment to leadership continuity within the ProCredit group and acknowledges Spechtenhauser's role in steering the company towards significant strategic and operational milestones.

Since joining the ProCredit Holding in November 2021, and subsequently assuming the role of Management Board Chair in November 2022, Spechtenhauser has been instrumental in shaping the group's future direction. The Supervisory Board praised his contributions, especially ahead of the detailed presentation of the group's strategic direction planned for the upcoming Capital Markets Day.

Spechtenhauser, bringing a wealth of experience from previous senior roles in notable financial institutions, has expressed gratitude for the renewed trust and committed to advancing the ProCredit group’s strategic and operational objectives. His leadership is seen as crucial for the group's success in the coming years, particularly in solidifying its capital market position in 2024.

The announcement comes as ProCredit prepares for its Capital Markets Day on 21 March 2024, aiming to share detailed insights into its strategic initiatives and financial goals for 2024 and beyond. This event signifies a pivotal moment for the group, reflecting its ongoing efforts to enhance transparency and engage with investors and stakeholders.