Carsten Franke appointed Chief Operations Officer

dormakaba Holding AG / Key word(s): Personnel
Carsten Franke appointed Chief Operations Officer

23.05.2024 / 06:30 CET/CEST

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Rümlang, 23 May 2024 - The dormakaba Board of Directors has appointed
Carsten Franke as Chief Operations Officer (COO) and member of the Executive
Committee effective 1 August 2024. He possesses an extensive track record in
driving companies towards operational excellence through optimizing
manufacturing footprint and supply chain, as well as enhancing plant and
procurement performance.

Carsten Franke has been Chief Operations Officer for Electrolux Group,
Stockholm, since 2020, where he drove best-in-class operational excellence
throughout the company, optimizing the manufacturing footprint and
performance while continuously improving efficiency and lowering the cost
base. His track record also includes industry-leading achievements in Health
& Safety and carbon emission reductions. Prior to his role as COO at
Electrolux, Carsten Franke held various other leadership positions within
the company, including as Chief Operations Officer for the Business Area
EMEA and Vice President Supply Chain EMEA. Before his tenure at Electrolux,
he was Program Director Industrial Engineering at Knorr-Bremse, Munich,
where he significantly increased productivity by for example introducing
lean manufacturing to locations worldwide and he was operations head for the
Australian business. He started his career at the Maschinenfabrik
Reinhausen, Regensburg, where he led the restructuring of the productions.

Till Reuter, CEO dormakaba Group says: "With Carsten Franke joining my team,
I welcome another leader with strong expertise in transforming companies.
Optimizing and streamlining our manufacturing network and supply chain,
along with enhancing our plant performance, are key objectives of our
ongoing transformation program. With Carsten on board, I am confident that
we will achieve our goals."

Carsten Franke will take over the position of Chief Operating Officer
effective 1 August 2024. He follows Alex Housten, whose departure from the
company was announced early December 2023.

Contact:

Swetlana Iodko Schoordijk
Head Investor Relations

swetlana.iodko@dormakaba.com
+41 44 818 90 28

Patrick Lehn
Senior Manager Group External Communications / Press Officer

patrick.lehn@dormakaba.com
+41 44 818 92 86

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End of Media Release

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   Language:       English
   Company:        dormakaba Holding AG
                   Hofwisenstrasse 24
                   8153 Rümlang
                   Switzerland
   Phone:          +41 448189011
   E-mail:         info@dormakaba.com
   Internet:       https://www.dormakabagroup.com
   ISIN:           CH0011795959
   Listed:         SIX Swiss Exchange
   EQS News ID:    1909207

End of News EQS News Service
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1909207 23.05.2024 CET/CEST