EQS-News

CFO of Cherry SE currently unable to perform duties, Cherry SE announces Interim-CFO

EQS-News: Cherry SE / Key word(s): Personnel CFO of Cherry SE currently unable to perform duties, Cherry SE announces Interim-CFO 30.01.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. CFO of Cherry SE currently unable to perform duties, Cherry SE announces Interim-CFO

 

Munich (Germany), January 30th, 2024 - The Chief Financial Officer (CFO) of Cherry SE [ISIN: DE000A3CRRN9], Dr. Mathias Dähn (56), is currently unable to perform his duties in the financial management and control of the company.

Effective from February 5^th, 2024, Volker Klaus Christ (60) is taking over the management of the entire finance division on an interim basis. The Senior Finance Executive has been working in the areas of controlling, auditing, and financial analysis in international companies for over 35 years. During his many years working for S.Oliver and the US group Procter & Gamble, among others, he gained international experience. Cherry SE will benefit from his extensive expertise as a CFO for many years as well as his routine in restructuring and transformation situations. With the support of the Cherry team, Volker Christ will familiarize himself with all relevant processes in the finance department in the short term. He will report into the CEO of Cherry SE, Oliver Kaltner.

Oliver Kaltner, CEO Cherry SE, explained: "Due to the current inability of Dr. Mathias Dähn to perform his duties in the financial management and control of the company, Cherry SE was required to find an interim solution. Thanks to the rapid involvement of Volker Christ, we can guarantee uninterrupted internal and external processes and will meet all deadlines in the financial calendar.

Volker Christ will ensure that the Executive Board receives all information needed. In particular, the measures announced in November to restructure the Components division will be implemented in a timely manner as planned. The selective outsourcing of production capacities for third-party components as part of the cooperation project with a manufacturing partner in China is continuing according to plan, both in terms of content and timing, under the personal leadership of our COO Dr. Udo Streller. We will analyze the further development of the Components division in detail and also review the valuation if there are any indications to do so.