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Change on the Executive Board of Forbo Group

Forbo Holding AG / Key word(s): Miscellaneous
Change on the Executive Board of Forbo Group

25-Nov-2022 / 19:15 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


MEDIA RELEASE
AD HOC announcement pursuant TO ARTICLE 53 of the six exchange regulation listing rules

Michael Schumacher, Chief Executive Officer of Forbo Group, will leave the company as of November 30, 2022. Jens Fankhänel, currently member of the Board of Directors of Forbo, will become his successor.

Baar, November 25, 2022

The current Chief Executive Officer of Forbo Group, Michael Schumacher, will leave the company as of November 30, 2022. This decision was made by mutual agreement between Michael Schumacher and the Board of Directors due to differing views regarding the strategic direction of the company. 

«We thank Michael Schumacher for his great commitment and wish him all the best for the future», says This E. Schneider, Executive Chairman of Forbo Group.

The newly designated Chief Executive Officer of Forbo Group is Jens Fankhänel. He will assume his role by March 1, 2023. In the meantime, This E. Schneider will take over the function on an ad interim basis. 

Jens Fankhänel is a German citizen and currently the CEO of Kardex Group as well as a member of the Board of Directors and the Strategy Committee of Forbo Group. He has many years of experience in the successful management of international, listed industrial companies. With his appointment as CEO he will resign as a member from the Board of Directors of Forbo at the next Ordinary General Meeting.

This E. Schneider notes: «We are pleased to be able to appoint an extremely qualified and future-oriented industrial manager as our new Chief Executive Officer. With his impressive track record, his expertise and leadership experience, he is perfectly suited for this role».

The Board of Directors wishes Jens Fankhänel much success for his new task.

Forbo expects a Group profit of around CHF 100 million for 2022.

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Change on the Executive Board of Forbo Group Forbo Holding AG / Key word(s): Miscellaneous Change on the Executive Board of Forbo Group 25-Nov-2022 / 19:15 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. …

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