Progress-Werk Oberkirch AG announced that Management Board member Bernd Bartmann, whose contract is set to expire on December 31, 2020, will retire from the Board effective this date as scheduled. He will, however, remain connected with PWO as an advisor. Dr. Cornelia Ballwie?er has been appointed to the Management Board as of November 1, 2020 as Mr. Bartmann's successor and will be responsible for the administration & finance department. Dr. Ballwie?er has extensive expertise in finance and controlling and has been working in the automotive industry for almost twenty years.