The Supervisory Board of euromicron AG announced a new appointment and expansion of the Executive Board of euromicron AG, thus initiating a first step for a new phase in the realignment of the Group. Effective January 1, 2020, Dr. Michael Hofer will be appointed Chief Financial Officer (CFO) and Dr. Andreas Schmid Chief Operations Officer (COO) on the Executive Board of euromicron AG. Dr. Michael Hofer (50) previously served as Chief Financial Officer (CFO) and Group Finance Director for Kapsch TrafficCom in the Americas, where he has been involved in developing the rapidly growing and very successful business for equipping traffic infrastructures with digital system solutions and intelligent mobility solutions since 2012.

Dr. Andreas Schmid (52) has been a member of the Executive Board of Funkwerk AG based in Kölleda since 2018, where he was most recently responsible for the Video Systems and Internet of Things business units. Dr. Schmid previously spent five years as Managing Director of Schaltbau GmbH, a manufacturer of hardware components for the railway industry, and five years as Chief Technology Officer of the FCT Group, a manufacturer of electromechanical systems. Effective January 1, 2020, no Spokesperson or Chairman of the Executive Board will be appointed; all members of the Executive Board will manage the business jointly. As agreed, Bettina Meyer's appointment and contract will end on March 31, 2020.

Until the end of the year, Mrs. Meyer will continue to fully assume her previous role as Spokeswoman of the Executive Board with unchanged responsibilities and will gradually hand over her responsibilities to her colleagues as of January 1, 2020, and take care of ongoing legal matters.