BRIEF

on WashTec AG (isin : DE0007507501)

Michael Drolshagen appointed new CEO of WashTec AG

The Supervisory Board of WashTec AG today announced the appointment of Michael Drolshagen as new Chief Technical Officer (CTO) and Chief Executive Officer (CEO) from May 1, 2024. This decision comes after the end of Dr. Ralf Koeppe on the board of directors, which was concluded by mutual agreement on February 29, 2024. WashTec AG, a leading company in the sector of vehicle washing solutions, is thus seeing a major change at the top in the aims to continue its development and maintain its position on the market.

The transition takes place in a context where WashTec AG seeks to strengthen its presence on the international market and to innovate in its service offerings. The company, headquartered in Augsburg, Germany, confirms its commitment to its shareholders and customers by choosing an experienced leader to lead its future operations. More details regarding Drolshagen's strategic objectives as CEO will likely be revealed in future company communications.

R. E.

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