The Nomination Committee of the Supervisory Board today nominated Claude-Patrick Jeutter as a member of the Executive Board and COO of PORR AG from January 1, 2024.

The corresponding resolutions are to be passed at the Supervisory Board meeting on September 21, 2023. Josef Pein will take his well-deserved retirement at the turn of the year and will resign from his role as a member of the Board of Directors with effect from December 31, 2023.

'With this step, we are ensuring an orderly successor in PORR's top management body,' explains CEO Karl-Heinz Strauss. 'I would like to thank Josef Pein for his decades of commitment and his enormous specialist knowledge with which he has managed our operational business in Austria, Switzerland and Romania. I am pleased to be able to fill the board position internally with the experienced and technically experienced top manager Claude-Patrick Jeutter.'

As a member of the Executive Board of PORR AG, Jeutter, who was born in Stuttgart, will be responsible for the Germany and Romania operating segments. 'I'm looking forward to this exciting task and to making my contribution to PORR's continued success in these markets,' says Jeutter. After the departure of Josef Pein, the AT / CH segment will be the responsibility of CEO Karl-Heinz Strauss.

Growth in infrastructure projects

Just this week, PORR was able to report a significant increase of +25% in new orders in the first half of 2023 as well as further growth in the order backlog and production output. Claude-Patrick Jeutter now has a lot to look forward to: especially in Germany, PORR expects a significant increase in infrastructure tenders in railway construction, tunnel construction but also energy transition projects. In Romania, too, PORR's order books are already filled with infrastructure projects for the next two to three years.

Claude-Patrick Jeutter (54) studied civil engineering at the University of Stuttgart and graduated in 1995 with a degree in civil engineering. He began his career at Muller-Altvatter GmbH & Co. KG, Stuttgart. Until 2019 he held management and board positions at various construction companies in Germany. He has been working in a management position for the PORR Group since 2019 and is currently responsible for PORR's Germany division as a member of the management team at PORR Management GmbH.

Contact:

Tel: +43 50 626-5867

Email: comms@porr-group.com

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