Changes to the Board of Directors and the Group Executive Committee

Schindler Holding AG / Key word(s): Personnel/Statement
Changes to the Board of Directors and the Group Executive Committee

14-Dec-2023 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR

After more than 35 years of outstanding contribution to the Schindler Group,
Erich Ammann, member of the Board of Directors since 2018, will not stand
for re-election at the General Meeting of Shareholders in 2024 and will go
into his well-deserved retirement.

In addition, Adam Keswick decided not to stand for re-election to the Board
of Directors. His decision is due to the ongoing overlap with the board
meetings of Jardine Matheson, preventing him from fulfilling his role
properly with Schindler at this time. All other members of the Board of
Directors are standing for re-election at the General Meeting of
Shareholders on March 19, 2024, including Alfred N. Schindler and Luc
Bonnard for whom the Board of Directors has decided to extend the age limit,
in accordance with the exemption foreseen in the organizational regulations
of Schindler Holding AG.

Following his re-election, Tobias B. Staehelin will become a member of the
Supervisory and Strategy Committee, succeeding Erich Ammann in this
function.

The Board of Directors has appointed Hugo Martinho (1971) to the Group
Executive Committee responsible for Human Resources, effective April 1,
2024, succeeding Tobias B. Staehelin. Hugo Martinho has been with Schindler
since 2003 and held various positions in Europe and Asia. He has served as
Head Human Resources Europe North since 2022. Hugo Martinho holds a master's
degree in law from the University of Coimbra, Portugal.

About Schindler
Founded in Switzerland in 1874, the Schindler Group is a leading global
provider of elevators, escalators and related services. Schindler's mobility
solutions move more than 2 billion people every day all over the world.
Behind the company's success are around 70,000 employees in more than 100
countries. Schindler is committed to reaching net-zero emissions by 2040
through a 90% absolute reduction of its greenhouse gas emissions in scope 1,
2 and 3 from a 2020 baseline as its long-term science-based emission
reduction target, while working to neutralize its residual emissions.

More information
Katherine Lee | Head of External Communications
Phone +41 414 45 36 11 | Mobile +41 79 712 94 99
katherine.lee@schindler.com

Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland

Tel. +41 41 445 32 32
corporate.communications@schindler.com
group.schindler.com


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End of Inside Information

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   Language:       English
   Company:        Schindler Holding AG
                   Zugerstrasse 13
                   6060 Ebikon
                   Switzerland
   Phone:          +41414453060
   E-mail:         corporate.communications@schindler.com
   Internet:       www.schindler.com
   ISIN:           CH0024638212, CH0024638196
   Valor:          002463821
   Listed:         SIX Swiss Exchange
   EQS News ID:    1796507

End of Announcement EQS News Service
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1796507 14-Dec-2023 CET/CEST