EQS-News

Adler Group S.A. strengthens Senior Management with expanded expertise

EQS-News: Adler Group S.A. / Key word(s): Personnel Adler Group S.A. strengthens Senior Management with expanded expertise 01.06.2023 / 11:03 CET/CEST The issuer is solely responsible for the content of this announcement.

 

 

 

Adler Group S.A. strengthens Senior Management with expanded expertise

• CEO Thierry Beaudemoulin’s employment contract renewed
• Hubertus Kobe appointed as CRO of Adler Group with effect from 19 June 2023
• Proposal to expand the Board of Directors of Adler Group S.A. to include independent candidates with restructuring and capital market expertise

Luxembourg, 1 June 2023 - The Adler Group S.A. ("Adler Group") is expanding its Senior Management and Board of Directors as part of the implementation of the restructuring plan. The employment contract of Chief Executive Officer (CEO) Thierry Beaudemoulin was renewed. Thierry Beaudemoulin has been CEO of the Adler Group since 2019. He is also a member of Adler Group's Board of Directors.

With effect from 19 June 2023, Hubertus Kobe has been appointed as Chief Restructuring Officer (CRO) and will join the Senior Management of Adler Group. The responsibilities of the newly created CRO position will primarily include overseeing the restructuring of Adler Group in accordance with the approved restructuring plan.

Alongside Thierry Beaudemoulin and Hubertus Kobe, the Senior Management of Adler Group will consist of four individuals including Sven-Christian Frank as Chief Legal Officer (CLO), and Thomas Echelmeyer as Chief Financial Officer (CFO).

„Thierry Beaudemoulin and the Senior Management have led Adler Group through challenging times and contributed to stabilising the Group. The team has the full confidence of the Board of Directors and will now drive forward the implementation of the restructuring plan while safeguarding the interests of all stakeholders.", says Prof. A. Stefan Kirsten, Chairman of the Board of Directors of Adler Group.