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New Chairman for HOMAG Group AG's Board of Management

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Homag Group AG / Key word(s): Personnel
New Chairman for HOMAG Group AG's Board of Management

29-Sep-2021 / 14:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

HOMAG Group AG - SIN: 529720 / ISIN: DE0005297204

Schopfloch, September 29, 2021. Ralf W. Dieter (60) hands over his role of CEO of HOMAG Group AG with effect from December 31, 2021, and will leave the Board of Management. It is with great regret that the Supervisory Board acknowledges this decision and respects Mr. Dieter's wish.

At its meeting held today, the Supervisory Board also appointed Dr. Daniel Schmitt (51) as the new CEO of HOMAG Group AG, effective January 1, 2022. Dr. Schmitt's service contract runs until June 30, 2024. Dr. Schmitt joined the Board of Management of HOMAG Group AG on July 1, 2021. Prior to that, he oversaw the environmental technology division, Clean Technology Systems, of the Dürr Group, to which HOMAG Group AG belongs.

Following Mr. Dieter's departure, the Board of Management of HOMAG Group AG will consist of two members until further notice. Alongside Dr. Schmitt as the new CEO, Rainer Gausepohl (49) will continue to work as CFO.

Contact:
HOMAG Group AG
Jens Fahlbusch
Communications
Phone: +49 7443 13-2796
jens.fahlbusch@homag.com

Information and Explanation of the Issuer to this News:

Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 15 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of some 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem 'tapio' (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.

Disclaimer
This press release contains certain statements relating to the future. Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as 'believes', 'estimates', 'assumes', 'forecasts', 'intend', 'may', 'will', 'should' or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.

29-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Homag Group AG

Homagstr. 3-5

72296 Schopfloch

Germany

Phone:

+49 (0)7443 / 13 - 0

Fax:

+49 (0)7443 / 13 - 2300

E-mail:

info@homag-group.com

Internet:

www.homag-group.com

ISIN:

DE0005297204

WKN:

529720

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1236770


 

End of Announcement

DGAP News Service

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