EQS-News

Adler Group S.A.: Chairman of the Board of Directors Stefan Kirsten resigns from office for health reasons

EQS-News: Adler Group S.A. / Key word(s): Personnel Adler Group S.A.: Chairman of the Board of Directors Stefan Kirsten resigns from office for health reasons 19.02.2024 / 08:31 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE

 

Adler Group S.A.: Chairman of the Board of Directors Stefan Kirsten resigns from office for health reasons

•  Prof Dr A. Stefan Kirsten: Adler Group is stabilised and can determine its own future, albeit in an extremely difficult market environment. But the path to the future will be a challenging one that requires the full commitment of the management and the Board, which I can no longer provide if I don't want to jeopardise my health in the long term.

•  New Chairman Stefan Brendgen: Due to Stefan Kirsten's tireless efforts, Adler Group could be stabilised over the last years. All stakeholders owe him a great deal. Even though we would have liked to keep Stefan on board, health comes first.

•  CEO Thierry Beaudemoulin: Stefan Kirsten has reorganised Adler Group, implemented modern structures to senior management and set up an expert team of auditors under his leadership. Stefan deserves our sincere gratitude for this, as I personally thank him for the trust he has placed in us. Now it is up to us and the new Chairman Stefan Brendgen to continue along the path we have taken.

 

Luxembourg 19 February 2024 – Prof Dr A. Stefan Kirsten resigns from his office as Chairman of the Board of Directors of Adler Group S.A. with immediate effect for health reasons and is leaving the Board. This was announced by the company following an extraordinary meeting of the Board of Directors. Stefan Brendgen, member of the Board, will assume the office of Chairman of the Board of Directors with immediate effect.

“The decision to step down was anything but easy for me, as I have worked with a great deal of commitment and personal effort over the past two years to preserve Adler Group. Adler is stabilised and can determine its own future, albeit in an extremely difficult market environment,” says Stefan Kirsten.