Wolford AG announced that Ashish Sensarma, 57, Chief Executive Officer (CEO) of the company since January 2015, will resign from his position on the Management Board as of July 31, 2017. Axel Dreher, 52, the previous Deputy Chief Executive Officer, will also assume management responsibility for Strategy, Marketing and Sales as of August 1, 2017. Moreover, at its meeting, the Supervisory Board of Wolford AG appointed Brigitte Kurz, 43, as the new Member of the Management Board starting on August 1, 2017.

Ms. Kurz, Director of the Finance Department until the present time, will take over the responsibilities from Axel Dreher as Chief Financial Officer, and will also be in charge of Human Resources, IT, Legal Affairs and Investor Relations. Axel Dreher will continue to carry out his duties as COO, with overall management responsibility for Product Development, Production and Technology as well as Distribution Logistics.