Grammer AG has made another important decision regarding the future composition of the Executive Board. At its meeting on March 15, 2019, the Supervisory Board decided to appoint Ms. Jurate Keblyte to the Executive Board and to assign her to the position of Chief Financial Officer with effect from August 1, 2019. Ms. Keblyte has gained professional and management experience in various executive positions both in Germany and internationally.

Most recently, she was CFO at KUKA Robotics, where she was responsible for business development. She was employed there from 2010 to 2017, before becoming an interim manager for corporate development, finance and controlling on a self-employed basis. Manfred Pretscher will remain on the Executive Board until August 31, 2019.

The position of CFO will continue to be filled interimistically by Mr. Pretscher until the assumption of office by Ms. Keblyte on August 1, 2019 to ensure continuity and a smooth transition. The search for a successor to Mr. Pretscher and a new CEO for Grammer AG is continuing according to plan. Jens Öhlenschläger was previously appointed to the Executive Board and the position of COO in December.