DGAP-News: SURTECO GROUP SE: Change in the Management Board completed

SURTECO GROUP SE: Change in the Management Board completed

- Dr. Herbert Müller hands over to his successor Wolfgang Moyses

Buttenwiesen, 1 October 2019 - Today, Wolfgang Moyses took over as Chairman of the Management Board of SURTECO GROUP SE in line with expectations. Mr. Moyses thereby succeeded Dr. Herbert Müller, who has held management responsibility since 2001 as a Board Member and since 2015 as CEO. Previously, Mr. Moyses was a Board Member of SIMONA AG, Kirn, for almost 20 years and since 2003 he has been Chairman of its Management Board. The Management Board of SURTECO GROUP SE now comprises Mr. Wolfgang Moyses, CEO, and Mr. Andreas Riedl, CFO. "I am greatly looking forward to carrying out my responsible role. Together with the employees and managers in the global workforce, I intend to continue the success story of SURTECO for the benefit of the company, and associated with this, all the stakeholders," commented Wolfgang Moyses, Chairman of the Management Board of SURTECO GROUP SE.

"Wolfgang Moyses will contribute a long track record of success and experience to the traditional strengths of SURTECO GROUP SE. We are expecting the business to become more international, coupled with additional growth, including organic growth. Wolfgang Moyses has proved what he is capable of at SIMONA. Our shareholders, workforce and customers are looking forward to working with him. At the same time, in the name of the Supervisory Board, I should like to thank Dr. Herbert Müller for his many years of successful commitment. He has left his personal imprint on today's profile of SURTECO," added Dr. Jürgen Großmann, Chairman of the Supervisory Board of SURTECO GROUP SE.

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Profile of SURTECO

SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized holding company with international operations. The company listed on the stock exchange combines leading national and international brands for surface technology under one roof. The comprehensive product portfolio includes papers printed with decor designs, impregnated materials, release papers, decorative flat foils and edgebandings based on specialist technical papers and plastics. This portfolio is complemented by skirtings made of plastics, technical extrusions (profiles) for industry, and roller shutter systems.
With more than 3,300 employees at 23 production sites worldwide, the Group generates annual sales of around EUR 700 million in 2018. 24 % of these sales are generated in Germany, 47 % in European countries outside Germany and a further 29 % in America, Asia and Australia. Customers of the SURTECO Group primarily come from the wood-based, flooring and furniture industries, as well as from interior design.

More information on the company is available at: www.surteco-group.com

The shares in SURTECO GROUP SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin, Düsseldorf and Stuttgart.

Cautionary note regarding forward-looking statements

This press release may contain statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company assumes no obligation to update any forward-looking statements contained herein or to adapt such information to future results or developments.