EQS-Adhoc

Management change and adjustment of the V-ZUG Group management structure - Seite 2

The ongoing transformation process at the V-ZUG Group, which requires increasing digitalization as well as development of platform technologies and marketing via these platforms, calls for an adjustment of the management structure associated with the upcoming departure of Manuel Faeh, incumbent Senior Vice President Business Development, in the first half of 2021. His position will not be replaced in its present form. Instead, the current organization will be adjusted in line with the evolving requirements. Consequently, the management will be reinforced through the addition of a Chief Marketing Officer. This new position will be responsible for the areas of product management, strategic distribution channel management and pricing as well as marketing communications. It will also include a significant part of digitalization. Recruitment for this position is already underway. The Board of Directors and the CEO of the V-ZUG Group would like to thank Mr Faeh for his high level of commitment and his active contribution towards the ongoing transformation process.

About the V-ZUG Group

V-ZUG is Switzerland's leading brand in household appliances. Located in the heart of Switzerland, V-ZUG has been developing and producing kitchen and laundry appliances for over 100 years and offers a comprehensive service as well. As market leader in Switzerland, the V-ZUG Group also markets its products in selected premium markets abroad. The V-ZUG Group currently employs around 2,000 people.

The holding company V-ZUG Holding AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich (securities number 54 248 374, ISIN CH0542483745, ticker symbol VZUG). The financial report is broken down into two segments: Household Appliances and Real Estate.

Key dates

17 March 2021	Publication of the annual report
29 April 2021	Ordinary General Meeting of Shareholders
22 July 2021	Publication of the half-year report

Additional Information