The current members of the Board of Directors, Heinz M. Buhofer and Peter Terwiesch, will not stand for re-election at the Annual General Meeting of Metall Zug AG on April 29, 2022. He was Chairman of the Board from 2013 to 2019 and CEO of Metall Zug AG from 2002 to 2008. Since he joined the Board of Directors, the Metall Zug share price has multiplied, and shareholders have also been allocated shares of Zug Estates Holding AG and V-ZUG Holding AG. He has reached retirement age and will therefore not stand for re-election at the Annual General Meeting of Metall Zug AG on April 29, 2022. In addition to Heinz M. Buhofer, Peter Terwiesch (55) will also not be standing for re-election to the Board of Directors. Peter Terwiesch, President Process Automation Business Area and member of the Executive Committee of ABB, was first elected to the Board of Directors of Metall Zug AG in 2010. He will be proposed as a new member of the Board of Directors of the Hilti Group in 2022.