Steinhoff announced that its Supervisory Board has nominated David Pauker for appointment to the Supervisory Board for a period from Steinhoff's next general meeting of shareholders until the close of the annual general meeting of shareholders to be held in 2023. Upon approval by the general meeting, David Pauker will serve as an independent supervisory director. Until his appointment, he will, however, be entitled to attend meetings of the Supervisory Board and its committees in an advisory capacity. David has more than 25 years of experience as a financial advisor and turnaround manager working with companies facing difficult decisions in transformative environments. He previously managed a leading U.S. restructuring advisory practice.