Nexway AG announced that in connection with the resignation of the current CEO Victor Iezuitov from the Management Board with effect of the end of 30 April 2020, the Supervisory Board decided to appoint Aston Fallen, currently the Chairman of the Supervisory Board, as a new member of the Management Board and CEO, with this change to be effected immediately after the Nexway's AGM, which is expected to take place in the second half of June. In this context, Mr. Fallen announced his resignation from the Supervisory Board with effect from the end of the AGM. The appointment follows the divestment of the Swiss and French ecommerce subsidiaries of Nexway AG, which had been completed and disclosed on 15 April 2020.

The current COO Norman Hansen will remain a member of the Management Board.