DGAP-News

Guido Kerkhoff takes over from Gisbert Rühl as CEO of Klöckner & Co as planned and presents growth strategy 'Klöckner & Co 2025: Leveraging Strengths'

DGAP-News: Klöckner & Co SE / Key word(s): Personnel/AGM/EGM Guido Kerkhoff takes over from Gisbert Rühl as CEO of Klöckner & Co as planned and presents growth strategy 'Klöckner & Co 2025: Leveraging Strengths' 12.05.2021 / 09:56 The issuer is solely responsible for the content of this announcement. - Klöckner & Co to become leading digital platform for steel and other materials in Europe and the Americas through accelerated customer growth, comprehensive expansion of its own product and service portfolio as well as expansion of its partner network

- Next phase of the digital transformation through pooling of key digital and IT competencies under one management, focus on automating the internal value chain and linking the digital and physical side of the business more closely; additional innovation hub of the digital unit kloeckner.i in the USA

- Following the successful restructuring of the business in France, Bernhard Weiß joins the Group Management Board effective June 1, 2021, assuming responsibility for all EU activities. To better integrate operations, he also takes over the management of Klöckner & Co Deutschland in addition to France.

Duisburg, Germany, May 12, 2021 - Guido Kerkhoff will be taking over from Gisbert Rühl as CEO as planned, effective May 13, 2021. Today, he presents the new corporate strategy "Klöckner & Co 2025: Leveraging Strengths" at the Annual General Meeting. This strategy will increase Klöckner & Co's sales and profitability significantly by 2025. The Company aims to use its pioneering role in digitalization and substantially optimized cost structure to accelerate customer growth, expand its own product and service portfolio comprehensively and grow its partner network. With this strategy,
Klöckner & Co will evolve into the leading digital platform for steel, additional materials and processing services in Europe and the Americas.

Guido Kerkhoff: "With our new strategy 'Klöckner & Co 2025: Leveraging Strengths' we are again focusing on sustainable growth. As a digital pioneer in the steel industry, we have spent the past years building clear strengths and competencies, which we will now leverage in a targeted manner to take Klöckner & Co to the next level. To achieve that, we will invest in our employees and our digital transformation."