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Wittur Holding GmbH: CEO Patrik Wohlhauser to leave Wittur Group

DGAP-News: Wittur Holding GmbH / Key word(s): Change of Personnel Wittur Holding GmbH: CEO Patrik Wohlhauser to leave Wittur Group 02.06.2017 / 14:00 The issuer is solely responsible for the content of this announcement. PRESS RELEASE

CEO Patrik Wohlhauser to leave Wittur Group

Wiedenzhausen, June 2^nd, 2017 - The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that the Supervisory Board and CEO Patrik Wohlhauser have mutually agreed to terminate their cooperation. Gerrit Marx, an Operating Partner at Bain Capital who has been responsible for the Wittur Group since Bain Capital first invested in the company more than two years ago, will assume Patrik Wohlhauser's responsibilities as interim CEO with immediate effect. This will give the Supervisory Board sufficient time to find the best possible candidate for the CEO position.

Gerrit Marx has been seconded and temporarily released from his duties at Bain Capital for the duration of his assignment with Wittur. Having held various leading positions at Volkswagen and Daimler Trucks prior to joining Bain Capital, Gerrit Marx can draw on a wealth of management experience combined with in-depth expertise in the elevator industry and knowledge of the Wittur Group's main multinational customers.

The Wittur Group remains fully committed to its strategy and its future expansion plans following the successful integration of Sematic.

Investor Relations Contact

Yara Kes

Wittur Holding GmbH

Rohrbachstraße 26-30

85259 Wiedenzhausen | Germany

Phone: [phone] - 173

Mail: [e-mail]

About the Wittur Group

Founded in 1968, Wittur is one of the world's leading independent elevator components manufacturers with an extensive global manufacturing footprint and sales network and a broad range of products. Its product offering features a large range of components for new elevator manufacturing and sourcing, for spare parts and for modernization and upgrades. Components made by Wittur span from sophisticated mechatronic components for elevator cabin and landing doors (including the associated opening mechanisms) to other critical components such as gearless drives, slings, safety gears and cars.


In 2016, Wittur further expanded its global reach and its portfolio with the acquisition of the Sematic Group. Sematic S.p.A. and its subsidiaries, an Italian group founded in 1959, added a complementary product offering including complete elevator solutions, highly customised doors, electronic components and cabins. Installation of elevators and maintenance services are not part of the business. The Wittur Group has a work force of around 4,400 employees and conducts business in more than 50 countries. It is majority owned by funds managed by Bain Capital.


For more information on the company, please visit www.wittur.com.

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02.06.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Wittur Holding GmbH
	Rohrbachstraße 26-30
	80259 Wiedenzhausen
	Germany
Phone:	[phone] - 0
Fax:	[phone] - 49
E-mail:	[e-mail]
Internet:	www.wittur.com
ISIN:	XS1188024548
WKN:	A14J5R
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market in Frankfurt

End of News	DGAP News Service

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