CHANGE OF CHIEF FINANCIAL OFFICER

Steinhausen, 06. January 2020, It is announced that the current Group Chief Financial Officer, Mr. Gabriel Pirona, will leave that role and the Company with immediate effect. The Board wishes to thank Mr. Pirona for his support and service and wishes him well for the future. Mr. Pirona will be replaced by Mr. Andreas Schneiter who is appointed as interim Chief Financial Officer (CFO) with immediate effect.

Mr. Andreas Schneiter

Mr. Schneiter is a Senior Finance Executive with a strong and successful Finance-oriented background. Mr. Schneiter began his career in banking first at UBS and then with Credit Suisse. After graduating with a Masters Degree in Business Administration from Berne School of Economics and Administration, he returned to UBS Warburg. His 12 successful years in banking encompassed Retail Banking, Investment Advisory and Mergers & Acquisitions.

Mr. Schneiter is a Senior Finance Executive with a strong and successful Finance-oriented background. Mr. Schneiter began his career in banking first at UBS and then with Credit Suisse. After graduating with a Masters Degree in Business Administration from Berne School of Economics and Administration, he returned to UBS Warburg. His 12 successful years in banking encompassed Retail Banking, Investment Advisory and Mergers & Acquisitions.

It is planned and intended that following the completion of the interim CFO assignment, Mr. Schneiter will join the Board of Directors as a Non-Executive Director and take the Chair of the Audit Committee.

Chairman, David Hamill said: “We are delighted to welcome Mr. Schneiter to the Company initially in the role of interim Chief Financial Officer and subsequently as a key member of the Board of Directors in the near future. Andreas brings a wealth of broad Financial experience and significant Mergers & Acquisitions and IPO-related expertise to the Company which will be invaluable to the group in this phase of growth and development.”