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SNP Appoints New CFO to Strengthen Focus on Profitable Growth

DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Personnel SNP Appoints New CFO to Strengthen Focus on Profitable Growth 30.03.2022 / 11:40 The issuer is solely responsible for the content of this announcement. Corporate News

SNP Appoints New CFO to Strengthen Focus on Profitable Growth

With Prof. Dr Thorsten Grenz, an experienced financial expert succeeds Prof. Dr Heiner Diefenbach as interim CFO

Heidelberg, 30 March 2022 - As reported in its annual report published today, SNP has launched a new strategy program ELEVATE to strengthen its focus on sustained profitability of its further growth. At an extraordinary meeting today, the Board of Directors of SNP decided to support such focus on sustained profitability by recruiting a new CFO. Immediately after this decision, the Board of Directors and Prof. Dr Heiner Diefenbach mutually agreed that he will resign his position as managing director and Chief Financial Officer, effective March 31, 2022, and that he will leave the company. The Board of Directors would like to thank Prof. Diefenbach for his slightly more than two years in office. The search for a successor will be initiated immediately.

n addition, the Board of Directors resolved to appoint Prof. Dr Thorsten Grenz as managing director of SNP, effective immediately. Prof. Grenz will assume the position of interim CFO of SNP until the search for a successor has been successfully completed. Prof. Grenz is an experienced manager and financial expert with a proven track record as CFO and CEO in various companies. Prof. Grenz has been advising SNP in financial matters since early 2022. He is therefore already familiar with SNP, its business model and strategy as well as with its finance and business processes. In earlier stations of his career, Prof. Grenz was, among others, interim CFO of Schaltbau Holding AG, CEO of Veolia Environmental Service and Veolia Germany, Operating Partner of 3i plc, CFO of Hero AG, CEO and previously CFO of Mobilcom AG, CFO of Hapag-Lloyd Container Line, as well as Associate Principal of McKinsey & Company, Inc.