Novem Group S.A.: Changes in Management Board

EQS-News: Novem Group S.A. / Key word(s): Personnel Novem Group S.A.: Changes in Management Board 01.08.2024 / 07:57 CET/CEST The issuer is solely responsible for the content of this announcement. Novem Group S.A.: Changes in Management Board

• Dr. Johannes Burtscher to step down from his role as CFO
• Benjamin Retzer appointed CFO
• Florian Sandner assumes newly created position of COO

Luxembourg, 01 August 2024 – Novem Group S.A. announced today that the Supervisory Board agreed to the request of Dr. Johannes Burtscher to step down as Group CFO on 30 September 2024. As his successor, Benjamin Retzer was promoted to CFO of the Group.

In addition, Florian Sandner was promoted to the newly created position of Chief Operating Officer (COO) to further strengthen the Management Board and support the strategic direction of the Company. As a result of this, the competences at board level will be realigned with effect from 1 October 2024. Both Mr. Retzer and Mr. Sandner bring extensive experience to their tasks and will play a crucial role in navigating Novem into the future.

Benjamin Retzer has performed various finance roles at Novem since 2014, most recently as Vice President Accounting and Tax. Prior to that, he worked as Director General Accounting at Vishay Intertechnology and Assistant Audit Manager at KPMG.

Florian Sandner has worked for Novem since 2011 in several international management functions, among others, as Plant Manager of the Group’s largest production facility in Querétaro, Mexico. As Vice President Operations Americas, he was responsible for the entire region.

Dr. Stephan Kessel, Chairman of the Supervisory Board of Novem Group: “On behalf of our shareholders, the Supervisory Board and the entire workforce, I thank Dr. Burtscher for his outstanding contribution as long-term CFO of the Company and wish him well for his future endeavours. Over the last twelve years, Dr. Burtscher has played a pivotal role in the successful development of the Group. During his tenure, he has built an excellent performance culture and masterminded Novem’s IPO in July 2021.”