Ad-hoc release pursuant to Art. 53 LR
Changes in the Board of Directors following successful transformation
In his role as Chairman of the Board of Directors, Ernst Bärtschi has been instrumental in driving forward the strategic transformation from the Conzzeta Group to Bystronic AG. Following its successful completion, he has decided not to stand for re-election at the Annual General Meeting 2022. The Board of Directors proposes Heinz Baumgartner as Chairman and and Inge Delobelle as a new Board member.
Zurich, November 8, 2021 - Ernst Bärtschi has played a significant role in driving forward the strategic transformation from the Conzzeta Group as a diversified industrial conglomerate to Bystronic AG, a focused, globally leading provider of high-quality solutions for sheet metal processing. He ensured the necessary stability during this transformation phase and was thus instrumental to its success. He now has decided to step down from the Board of Directors at the 2022 Annual General Meeting at his own request for reasons of age. The Board of Directors thanks Ernst Bärtschi for his years of valuable service.
The Board of Directors nominates Heinz Baumgartner for election as the new Chairman at the Annual General Meeting in April 2022. He has been a member of the Board since 2020 and has extensive industry experience in his capacity as CEO and member of the Board of Directors of Schweiter Technologies.
Furthermore, the Board proposes to elect Inge Delobelle as a new member. Inge Delobelle is CEO Europe and Africa at TK Elevator (formerly thyssenkrupp Elevator), and in addition to her international experience in the elevator industry, she has profound expertise in the fields of innovation, service, and digitalization. The Board of Directors is thus further strengthening its core competencies in these areas.
File: Changes in the Board of Directors following successful transformation