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MBB INDUSTRIES AG (FRA:MBB) MBB SE announces changes in management and sets new growth target

Directive transparence : information réglementée

10/05/2021 07:59

DGAP-Ad-hoc: MBB SE / Key word(s): Personnel
MBB SE announces changes in management and sets new growth target

10-May-2021 / 07:59 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.


Disclosure of inside information acc. to Article 17 MAR

MBB SE announces changes in management and sets new growth target

Berlin, 10 May 2021 - The Board of MBB SE (ISIN DE000A0ETBQ4), a medium-sized family-owned company, has resolved to make changes to the Executive Management and the Board with effect from 1 July 2021 as the contracts of the Executive Management are due to expire on 30 June 2021.

Dr Constantin Mang will become the new CEO of MBB SE. Constantin Mang has been part of the MBB management since 2014 and has been responsible for M&A and Investor Relations as the company's CIO since 2018. In this function, he played a key role in the acquisition of Friedrich Vorwerk and Bohlen & Doyen, as well as the subsequent IPO of these companies. As CEO, he will also be responsible for Finance. Klaus Seidel, who has been with MBB since 1999, will remain COO of MBB SE. Next to the operational development of the portfolio, he will be responsible for the areas of Technology and Legal in particular. Torben Teichler will be appointed as new Executive Director and CIO of MBB SE. Torben Teichler has been Vice President at MBB SE since 2018 and will primarily be responsible for Treasury and Capital Allocation.

The current CEO Dr Christof Nesemeier will become Executive Chairman (Chairman of the Board and Executive Director) under the monistic corporate constitution. Gert Maria Freimuth will become Vice Chairman of the Board. Dr Christof Nesemeier and Gert-Maria Freimuth founded the company 25 years ago and together hold more than 65% of the share capital. Both founders hold their shares on a long-term basis. Dr Peter Niggemann and Anton Breitkopf remain members of the Board, which was elected in its current composition by the 2020 Annual General Meeting for a five-year term.

During the 15 years of MBB's listing on the Frankfurt Stock Exchange, the company has significantly multiplied its value. It is the declared goal of the company's founders and management to continue this positive growth momentum. MBB therefore plans to double its sales once more until 2026. With a net liquidity of €510 million as of 31 March 2021, of which €375 million is attributable to the holding, MBB is ideally placed to achieve this goal through organic growth and the acquisition of new companies.

 

MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@MBB.com
www.MBB.com

Executive Management
Dr Christof Nesemeier (CEO)
Dr Constantin Mang
Klaus Seidel

Chairman of the Board
Gert-Maria Freimuth

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458


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


Language: English
Company: MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbb.com
Internet: www.mbb.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1194250

 
End of Announcement DGAP News Service

1194250  10-May-2021 CET/CEST

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