EQS-News

Supervisory Board of ProCredit Holding AG extends contract of Management Board Chair Hubert Spechtenhauser ahead of schedule by a further year

EQS-News: ProCredit Holding AG / Key word(s): Personnel Supervisory Board of ProCredit Holding AG extends contract of Management Board Chair Hubert Spechtenhauser ahead of schedule by a further year 19.03.2024 / 16:49 CET/CEST The issuer is solely responsible for the content of this announcement. Supervisory Board of ProCredit Holding AG extends contract of Management Board Chair Hubert Spechtenhauser ahead of schedule by a further year

Frankfurt am Main, 19 March 2024 - The Supervisory Board of ProCredit Holding AG decided today to extend the contract of Management Board Chair Hubert Spechtenhauser ahead of schedule by a further year until end-February 2026.

The Supervisory Board is committed to continuity in the management of the ProCredit group and, with this staffing decision, has reaffirmed its recognition of successful strategic management and the achievement of excellent business results.

"As Chair of the Management Board, Hubert Spechtenhauser has driven the development of the ProCredit group in a convincing manner. This encompasses the future strategic direction of the ProCredit group, which will be presented in detail at the Capital Markets Day. We are pleased that he has accepted the Supervisory Board's request and agreed to extend his contract early for a further year. This ensures that he will be able to play a key role in ProCredit’s strategic development over the next two years. We wish him and the entire Management Board continued success," said Rainer Ottenstein, Chair of the Supervisory Board of ProCredit Holding AG.

Hubert Spechtenhauser (born 1962) has been working for ProCredit Holding since November 2021. He was appointed to its Management Board on 1 March 2022 and became its Chair on 1 November 2022. As Management Board Chair, he is responsible for the Corporate Office, Group Communications, Legal as well as Group and PCH Internal Audit.

Hubert Spechtenhauser emphasised: "I would like to thank the Supervisory Board for their trust. I will do everything in my power to further advance the ProCredit group both strategically and operationally in line with our impact orientation. Together with my colleagues on the Management Board and all employees, we will continue working to ensure that ProCredit remains successful in the future and that we can further fortify our position on the capital market in 2024. In this context, I look forward to presenting our strategic initiatives and ambitions for the 2024 financial year and beyond in more detail at our second Capital Markets Day on 21 March 2024."