DGAP-Adhoc GRENKE AG: Mark Kindermann resigns from the Board of Directors of GRENKE AG

Nachrichtenquelle: EQS Group AG
08.02.2021, 13:26  |  177   |   |   

DGAP-Ad-hoc: GRENKE AG / Key word(s): Personnel
GRENKE AG: Mark Kindermann resigns from the Board of Directors of GRENKE AG

08-Feb-2021 / 13:26 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.


Mark Kindermann resigns from the Board of Directors of GRENKE AG

Baden-Baden, February 8, 2021: The Supervisory Board of GRENKE AG has today complied with
Mr. Kindermann's request to terminate his contract prematurely and resign from his Board of Directors
mandate and all other Group mandates effective today. In order to ensure a smooth handover, it was agreed that Mr. Kindermann will be available to the Company for a transitional period after his departure from the Board of Directors.

The preliminary assessments made in the course of the ongoing audits are critical of previous internal processes in the compliance organisation and Internal Auditing department. Mr. Kindermann has pointed out to the Supervisory Board that it will be necessary to revise the preliminary assessments once the audits have been completed. Mr. Kindermann decided to resign from his mandates today to avoid any dispute prior to completing the audit with regard to the justification or materiality of these criticisms and to prevent any potential damage therefrom to the Company.

The Supervisory Board would like to thank Mr. Kindermann for his many years of service as a member of the Board of Directors and for his support in assigning the Internal Audit function to the CEO and in appointing a Chief Risk Officer to be responsible for all compliance functions of the Company. The swift continuation and completion of the audits remain a top priority for the Company.

The Supervisory Board will decide shortly on the reassignment of the responsibilities on the Board of Directors. Until that time, the rules on deputisation will apply.

For further information, please contact:

GRENKE AG
Anke Linnartz
Director Investor Relations
Neuer Markt 2
76532 Baden-Baden
Phone: +49 7221 5007-204
Email: investor@grenke.de
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DGAP-Adhoc GRENKE AG: Mark Kindermann resigns from the Board of Directors of GRENKE AG DGAP-Ad-hoc: GRENKE AG / Key word(s): Personnel GRENKE AG: Mark Kindermann resigns from the Board of Directors of GRENKE AG 08-Feb-2021 / 13:26 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, …

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