The personnel committee of HUGO BOSS AG and the CEO Claus-Dietrich Lahrs have agreed that with effect as of February 29, 2016 Claus-Dietrich Lahrs will leave the Managing Board of the Company upon his request as part of a mutual agreement. With effect as of March 1, 2016, Mr. Bernd Hake is to be appointed as member of the Managing Board responsible for sales and retail. He currently holds the office of Senior Vice President EMEA, Middle East and India.

For both of these decisions the approval of the Supervisory Board is expected shortly. For now, the other responsibilities of Mr. Lahrs will be taken care of by the other members of the Managing Board.