Mr. Axel Jaeger, currently Chief Financial Officer (CFO) of WashTec AG, is leaving the company at his own request on May 31, 2020. Dr. Kerstin Reden will be appointed as member of the Management Board and CFO with effect from August 1, 2020. She has been with the Smartrac-Group since 2012 and has taken on various positions in Finance with increasing responsibility.

She is CFO of the Smartrac-Group and responsible for the areas of Finance and Accounting, HR and IT since 2017. Dr. Koeppe - CEO/CTO of WashTec - will temporarily take over the function of CFO during the transition period from June 1, 2020 to July 31, 2020.