Sto SE & Co. KGaA: Long-term succession for Executive Board division of
Technology; Change in the Supervisory Board prepared

EQS-News: Sto SE & Co. KGaA / Key word(s): Personnel
Sto SE & Co. KGaA: Long-term succession for Executive Board division of
Technology; Change in the Supervisory Board prepared

18.04.2024 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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P E R S O N N E L I N F O R M A T I O N
Sto SE & Co. KGaA, Stühlingen/Germany

  * Long-term succession for Executive Board division of Technology -
    Contract of Jan Nissen ends as planned on 31 December 2024

  * Supervisory Board of the personally liable partner STO Management SE
    appoints Jost Bendel as successor

* Change in the Supervisory Board of Sto SE & Co. KGaA prepared

Stühlingen/Germany, 18 April 2024 - As part of its long-term succession
planning, the Supervisory Board of STO Management SE as the personally
liable partner of Sto SE & Co. KGaA resolved to conclude an Executive Board
contract with Jost Bendel. He was appointed to the Executive Board of STO
Management SE for four years - from 1 September 2024 until 31 August 2028,
as the long-term member of the Executive Board, Jan Nissen, will be retiring
after his contract ends at the end of 2024.

Jan Nissen has been a member of the Executive Board since 1 January 2017 and
is responsible for Process Engineering, Innovation, Materials Management,
and Logistics. Before that, he held different positions in Materials
Management at Sto SE & Co. KGaA for more than 20 years. Jochen Stotmeister,
Chairperson of the Supervisory Board of STO Management SE, emphasises, 'The
Supervisory Board and I personally would like to thank Jan Nissen for the
many years of particularly good and very successful cooperation. We wish him
all the very best for the future.'

The resolution to appoint Jost Bendel to the Executive Board as Jan Nissen's
successor was passed in the meeting of the Supervisory Board of STO
Management SE on 18 April 2024. He will join the company on 1 September 2024
as a deputy member of the Executive Board. After a handover period of four
months and extensive onboarding in the Sto Group and the Executive Board, he
will take over the divisional responsibility from Jan Nissen with effect
from 1 January 2025. As an experienced manager in global companies, Jost
Bendel (44) has extensive expertise in the manufacturing and construction
industry, as well as profound knowledge in the technology-driven
transformation of industries, process optimisation, and innovation.
Currently, he holds a managerial position at Storskogen Deutschland GmbH.
Before that he had worked for Schindler Management AG and Siemens AG, among
other companies. His contract was also signed on 18 April 2024. Jochen
Stotmeister, Chairperson of the Supervisory Board of STO Management SE,
underlines, 'We are delighted that with Jost Bendel we have gained a manager
with international experience for our company.'

In today's meeting, the Supervisory Board of Sto SE & Co. KGaA arranged the
succession of Dr Renate Neumann-Schäfer, whose ordinary term as Member of
the Supervisory Board expires with the end of the General Meeting on 19 June
2024. The Supervisory Board proposes Rolf Wöhrle to be appointed to the
Supervisory Board of Sto SE & Co. KGaA by the General Meeting on 19 June
2024. Until 31 December 2023, Rolf Wöhrle was the Chief Financial Officer of
STO Management SE, the personally liable partner of Sto SE & Co. KGaA.
Stotmeister Beteiligungs GmbH, which owns the absolute majority of the
shares with voting rights of Sto SE & Co. KGaA, has proposed Rolf Wöhrle to
be appointed, in accordance with Section 100 (2), p. 1, no. 4 of the German
Stock Corporation Act (AktG).

Sto SE & Co. KGaA is a major international manufacturer of products and
systems for building coatings. The company is a leader in the business field
of external wall insulation systems. Sto's core product range also includes
high-quality facade elements, as well as renders, plasters, and paints for
building exteriors and interiors alike. Another focus is placed on concrete
repair, floor coatings, acoustic systems, and rainscreen cladding systems.

Sto SE & Co. KGaA contact person:
Désirée Konrad, Chief Financial Officer of STO Management SE
Contact via: Telephone: +49 7744 57-1241, e-mail: s.zeller@sto.com

Contact to the media:
Claudia Wieland, Redaktionsbüro tik, Tel.: +49 911 98817071,
e-mail: cw@tik-online.de


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18.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Sto SE & Co. KGaA
                   Ehrenbachstraße 1
                   79780 Stühlingen
                   Germany
   Phone:          +49 (0)7744 57-0
   Fax:            +49 (0)7744 57-2178
   E-mail:         info@sto.com
   Internet:       www.sto.de
   ISIN:           DE0007274136
   WKN:            727413
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (General Standard),
                   Stuttgart; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Hamburg, Munich, Tradegate Exchange
   EQS News ID:    1884041

End of News EQS News Service
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1884041 18.04.2024 CET/CEST