EDAG has appointed Harald Keller as CEO

EQS-News: EDAG Engineering Group AG / Key word(s): Personnel
EDAG has appointed Harald Keller as CEO

08.05.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Press release


EDAG has appointed Harald Keller as CEO

Arbon/Switzerland, 8. May 2024. The Board of Directors of EDAG Engineering
Group AG has appointed Harald Keller as CEO as of July 01, 2024. He succeeds
Cosimo de Carlo, who will leave the company at his own request on June 30,
2024.

Since 2017, Harald Keller leads EDAG's largest business segment Vehicle
Engineering and is responsible, among other things, for all major
development projects globally.

"Harald Keller is the ideal person for EDAG CEO position. With his many
years of experience, Harald stands for EDAG's core competencies and values.
His leadership combined with his technological skills and his international
salesmanship is outstanding", says the Chairman of the Board of Directors
Georg Denoke. "In a challenging environment, this guarantees a seamless
transition and continuity for EDAG's strategic path."

"I would like to thank the Board of Directors and also the Supervisory Board
in Germany for the trust they have placed in me, and I am looking forward to
this exciting task. I am sure that together with the global management team
we will continue to drive forward the successful development of EDAG!", says
the appointed CEO Harald Keller.

Holger Merz will continue to hold the position as CFO in the Group Executive
Management, ensuring stability and stewardship in this important function.

"I would like to thank the Board of Directors, my colleagues and the entire
EDAG team for the successful years and the trusting cooperation and wish
everyone continued success and all the best," says Cosimo De Carlo.

"We would like to thank Cosimo De Carlo for his work as CEO over the past
six years and his contribution to the further development of EDAG Group. We
wish him all the best for the future, both personally and professionally,
and support his wish for a change into a new sector," says the Chairman of
the Board of Directors Georg Denoke.

About the EDAG Group

The EDAG Group is a globally leading, independent engineering services
provider that combines excellent engineering with the latest technology
trends.

With a global network of some 70 branches, the EDAG Group realizes projects
in the Vehicle Engineering, Electrics/Electronics and Production Solutions
segments. Drawing on more than 50 years of engineering experience, EDAG's
proprietary 360-degree development approach has become a hallmark of quality
in the holistic development of vehicles and smart factories. The company's
interdisciplinary expertise in the areas of software and digitization
provides it with crucial skills to actively shape dynamic transformation
processes as an innovative partner.

With an interdisciplinary team of around 8,900 experts, the EDAG Group
develops unique mobility and industrial solutions for customers that include
the world's leading automotive and non-automotive companies. The company is
listed on the stock exchange since 2015 and generated revenues of EUR 844
million in 2023.

For more information, see the EDAG Group website: www.edag.com

Contacts:

Public Relations

Felix Schuster
Head of Marketing & Communications
Mobile: +49 (0) 173 - 7345473
Mail: pr@edag.de
www.edag.com

Investor Relations

Christian Schütze
Head of Investor Relations
Phone: +49 (0) 611- 7375 360
Mobile: +49 (0) 175- 8020 226
Mail: ir@edag-group.ag
www.edag.com

Forward-looking statements

This release contains forward-looking statements. These statements are based
on current estimates and projections of the EDAG Executive Board and
currently available information. They are not guarantees of future
performance, involve certain risks and uncertainties that are difficult to
predict, and are based upon assumptions as to future events that may not be
accurate. Many factors could cause the actual results, performance or
achievements of EDAG to be materially different from those that may be
expressed or implied by such statements. EDAG does not assume any obligation
to update the forward-looking statements contained in this release.


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08.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        EDAG Engineering Group AG
                   Schlossgasse 2
                   9320 Arbon
                   Switzerland
   Phone:          +41 71 54433-0
   E-mail:         ir@edag-group.ag
   Internet:       www.edag.com
   ISIN:           CH0303692047
   WKN:            A143NB
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart
   EQS News ID:    1897937

End of News EQS News Service
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1897937 08.05.2024 CET/CEST