Endor AG Announces Dismissal of CEO Thomas Jackermeier

Landshut, March 28, 2024 – Endor AG has officially announced the dismissal of its CEO Thomas Jackermeier, effective by the close of March 30, 2024. This decision was taken by the company's supervisory board and is directly linked to a condition set by lending banks for the continuation of the standstill agreement, extending it until June 30, 2024. The announcement was made late Tuesday, emphasizing the strategic change in leadership aimed at fulfilling financial agreements and stabilizing the company’s standing.

The dismissal marks a significant shift in Endor AG's executive management, pointing towards a restructured approach in meeting the requirements of its financial partners and possibly setting the stage for further organizational changes. Matthias Kosch, CFO of Endor AG, was identified as the notifying person of this critical corporate decision. The communication underlines a transition phase for Endor AG, as it tightens its corporate strategy and financial management amidst partnership negotiations.