Ricarda Demarmels, Chief Financial Officer of the Emmi Group and member of Group Management, will succeed CEO Urs Riedener on 1 January 2023. After leading Emmi for 14 years, Urs Riedener will be stepping down from his post at the end of the year as announced. He has been nominated by the Board of Directors as successor to Konrad Graber, Chairman of the Board of Directors, who will not be standing for election.

With these appointments, the Emmi Board of Directors is underlining its commitment to continuity in the management and direction of the company and in its corporate culture.- The Board of Directors has elected Ricarda Demarmels, CFO and member of Group Management since June 2019, as the new CEO of the Emmi Group effective1 January 2023. CEO Urs Riedener will step down at the end of the year after 14 years, as announced in September 2021. Urs Riedener has been nominated by the Board of Directors as Chairman and successor to Konrad Graber in occasion of the Annual General Meeting in April 2023.

This will ensure continuity in the leadership, strategic direction and corporate culture of the Emmi Group. The Swiss born Ricarda Demarmels has been Chief Financial Officer (CFO) of the Emmi Group and a member of Group Management since June 2019. Before joining the leading manufacturer of high-quality dairy products in Switzerland, she was CFO of Orior, which is also a stock listed company, and held various management and consulting positions at investment and strategy consulting companies.