FRIWO AG with changes to the Management Board

EQS-News: FRIWO AG / Key word(s): Miscellaneous/Personnel
FRIWO AG with changes to the Management Board

25.04.2024 / 18:24 CET/CEST
The issuer is solely responsible for the content of this announcement.

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FRIWO AG with changes to the Management Board

  * Roald Gréboval will become a new member of the company's Executive Board
    from May 1, 2024

* Predecessor Dr. Walter Demmelhuber leaves FRIWO for personal reasons

Ostbevern, April 25, 2024 - The Supervisory Board of FRIWO AG - an
international manufacturer of technically leading chargers and e-drive
solutions - has appointed Roald Gréboval as a new member of the company's
Executive Board with effect from May 1, 2024. His responsibilities include
the Group's global sales activities for the core business. He succeeds Dr.
Walter Demmelhuber, who has stepped down from the Executive Board for
personal reasons. Roald Gréboval complements the existing Management Board
team with CEO Rolf Schwirz, who remains responsible for R&D, Sales e-drives
and international expansion with a focus on India, and the CFO Oliver
Freund.

'We are delighted to have Roald Gréboval, an internationally experienced
industry and technology expert, join the Management Board of FRIWO AG. His
many years of expertise in the implementation of growth strategies,
particularly in innovative technology applications, which also characterize
FRIWO, are particularly noteworthy. This will further strengthen the
company's growth trajectory as a leading global provider of power supply and
charging solutions as well as e-mobility system solutions. I would also like
to thank Dr. Walter Demmelhuber on behalf of my colleagues on the
Supervisory Board for his commitment,' said Richard Ramsauer, Chairman of
the Supervisory Board of FRIWO AG, commenting on the appointments.

Professional milestones Roald Gréboval

Roald Gréboval (52) holds a Master's degree in energy technology and a
Bachelor's degree in mechanical engineering. He has more than 25 years of
industrial and management experience in international companies with a focus
on the technology and mobility sector. Most recently, he spent a total of
five years as Managing Director of global rail activities and Head of Sales
Europe at the Luminator Technology Group, a globally successful supplier of
technology solutions for passenger information and video surveillance
systems. Prior to this, he spent around six years as Director of Market
Development at Schaltbau Holding AG, a leading technology partner for the
safety and availability of rail and direct current, which was listed on the
stock exchange at the time. Prior to that, he held various management
positions for around eight years at the French company COMPIN, an
international Tier 1 system supplier.

Further information on the company can be found on FRIWO's investor
relations pages at: https://www.friwo.com/en/about/investor-relations/

Contact investor relations and media

FRIWO AG
Ina Klassen
+49 (0) 2532 81 869
ir@friwo.com

Peter Dietz
+49 (0) 69 97 12 47 33
dietz@gfd-finanzkommunikation.de

About FRIWO:

FRIWO AG, listed in the General Standard of the Frankfurt Stock Exchange and
headquartered in Ostbevern/Westphalia, is an international manufacturer of
technically leading chargers and e-drive solutions. FRIWO offers a whole
range of applications with customized systems from a single source. Founded
in 1971, the company has evolved from a supplier of power supply products to
a full-range provider of sophisticated and customized solutions for
electromobility. Today, the product portfolio includes not only high-quality
power supply solutions, but also battery charging solutions for a wide range
of applications. In addition, all components of a modern electric drive
solution are also available: from the display to the motor control and drive
unit to the control software. With modern development centres, production
facilities and sales locations in Europe, Asia and the USA, FRIWO is present
in all the world's major markets. FRIWO's most important customers are
leading brands in their respective markets and rely on FRIWO products to
provide their customers with the highest quality. The main shareholder of
FRIWO AG is a subsidiary of VTC GmbH & Co. KG, Munich. For more information,
please visit our website at https://www.friwo.com.


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25.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        FRIWO AG
                   Von-Liebig-Straße 11
                   48346 Ostbevern
                   Germany
   Phone:          +49 (0)2532 81-0
   Fax:            +49 (0)2532 81-129
   E-mail:         ir@friwo.com
   Internet:       www.friwo.com/de/about/investor-relations/
   ISIN:           DE0006201106
   WKN:            620110
   Listed:         Regulated Market in Berlin, Dusseldorf, Frankfurt
                   (General Standard); Regulated Unofficial Market in
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1889987

End of News EQS News Service
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1889987 25.04.2024 CET/CEST