DGAP-News

CECONOMY AG: MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group

DGAP-News: CECONOMY AG / Key word(s): Personnel CECONOMY AG: MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group (news with additional features) 19.04.2021 / 18:30 The issuer is solely responsible for the content of this announcement. MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group

- Florian Wieser, CFO of MediaMarktSaturn Retail Group, to serve as CECONOMY Group CFO as of 1 May 2021

- CECONOMY CFO Karin Sonnenmoser is leaving the company by mutual agreement on 30 April 2021

- Thomas Dannenfeldt, Chairman of the Supervisory Board: "The roll-up of Florian Wieser as Group CFO is an important step in establishing a uniform management structure of the CECONOMY Group"

Düsseldorf, 19 April 2021 - CECONOMY AG (CECONOMY) has taken the first decisive step in establishing a uniform management structure of the CECONOMY Group. The Supervisory Board of CECONOMY today decided to appoint Florian Wieser, Chief Financial Officer (CFO) of MediaMarktSaturn Retail Group (MediaMarktSaturn) since November 2018, as CFO and member of the Management Board of CECONOMY with effect from 1 May 2021. He is assuming the mandate of Karin Sonnenmoser, who is leaving the company on 30 April 2021. The Supervisory Board and Karin Sonnenmoser have decided to part ways by mutual agreement.

In addition to his function as CFO of CECONOMY, Florian Wieser will continue to act as Managing Director Finance of MediaMarktSaturn and has the full support of Convergenta Invest GmbH (Convergenta), the future largest shareholder of CECONOMY.

"We are very pleased to have been able to recruit Florian Wieser as CFO in the run-up to the upcoming simplification of the governance structures of the CECONOMY group. In his role as CFO of MediaMarktSaturn, Florian Wieser has significantly increased the performance of the finance division in challenging times, demonstrated a clear focus on results and sustainably improved the steering capability of the business. He knows the business in detail like hardly anyone else", says Thomas Dannenfeldt, Chairman of the Supervisory Board of CECONOMY.