CEO Maria Zesch hands over leadership of TAKKT AG - Andreas Weishaar takes
over ad interim

EQS-News: TAKKT AG / Key word(s): Personnel
CEO Maria Zesch hands over leadership of TAKKT AG - Andreas Weishaar takes
over ad interim

01.07.2024 / 11:34 CET/CEST
The issuer is solely responsible for the content of this announcement.

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CEO Maria Zesch hands over leadership of TAKKT AG - Andreas Weishaar takes
over ad interim

After three successful years at the helm of TAKKT Group, Maria Zesch has
decided to leave the company by mutual agreement with the Supervisory Board
and pursue new career opportunities. Zesch will hand over the CEO role to
Andreas Weishaar on August 1, 2024, who will lead the Group on an interim
basis. The Supervisory Board has initiated the search for a long-term
successor.

Stuttgart, Germany, July 1, 2024. After three years of successful
transformation at TAKKT, CEO Maria Zesch has decided to pursue a new career
path for personal reasons. By mutual agreement, the Supervisory Board and
Maria Zesch have agreed to her resignation from the Management Board
effective July 31, 2024. On August 1, 2024, Andreas Weishaar, a very
successful and experienced manager, will take over the CEO role on an
interim basis. The Supervisory Board has also started the process for a
long-term replacement.

Maria Zesch came from Deutsche Telekom in 2021 to digitally transform TAKKT
AG and focus more strongly on sustainability. Under Maria Zesch, TAKKT
developed from a portfolio of individual companies into a compact and
integrated group of companies with a strong focus on customer needs and
sustainable products. Despite the difficult market environment, the Group
has achieved important milestones in its transformation over the past few
years in terms of sustainability and growth initiatives as well as the
integration of the operating and functional units. The establishment of
Group functions in the areas of Logistics, Technology & Data, Finance and HR
has centralized important processes and made them more efficient.

'On behalf of the entire Supervisory Board, I would like to sincerely thank
Maria Zesch for her outstanding commitment and successful work for our
company,' said Hubertus Mühlhäuser, Chairman of the Supervisory Board.
'Maria Zesch has restructured TAKKT over the past three years, positively
shaped the culture and sharpened the market positioning of our company.
TAKKT will continue to pursue the transformation process she has
successfully initiated and at the same time focus on new growth impulses. We
wish Maria all the best and every success for her personal and professional
future.'

'Together, we have strategically and organizationally repositioned TAKKT and
driven the transformation into a more integrated, customer-focused and
sustainable company. We have integrated companies and brands and worked in
parallel on implementing our vision of new worlds of work. An important
aspect of this is increasing our business with sustainable products, which
now account for around 30 percent of our sales. We are also receiving
external recognition for this, for example by winning the prestigious German
Sustainability Award. I am proud to have been part of this journey. Together
with the Supervisory Board, I have decided that now is the right time to
pass on the baton. It has been a pleasure to lead and shape TAKKT. I would
like to thank our team and the Supervisory Board for the trust they have
placed in me and wish Andreas Weishaar and the entire TAKKT team every
success,' said Maria Zesch.

At today's meeting, the Supervisory Board appointed Andreas Weishaar as CEO
of TAKKT AG with effect from August 1, 2024. 'TAKKT is confronted with
persistently challenging conditions. After a difficult start to the year,
the Group is currently working intensively on further developing its
strategic direction in order to achieve sustainable growth. I am therefore
very pleased that we have been able to appoint Andreas Weishaar, an
extremely experienced manager, to the role of CEO at TAKKT on an interim
basis. Together with CFO Lars Bolscho and the experienced Executive Team, he
will lead the Group through the current challenges,' said Mühlhäuser.

Andreas Weishaar looks back on a twenty-five-year career at renowned
international companies. From 2019 to 2023, he was Officer and member of the
Executive Team at CNH Industrial (NYSE:CNH), where he was responsible for
strategy, HR, IT and digitalization, before being jointly responsible for
the successful de-merger and IPO of Iveco Group (EXM:IVG). Prior to that, he
served for three years as Officer and member of the Executive Team of the
global foodservice equipment manufacturer Welbilt (NYSE:WBT), one of TAKKT
AG's largest suppliers, and before that he worked for over ten years at the
agricultural machinery group AGCO Corporation (NYSE:AGCO) in various
management positions in Europe and Asia. He has in-depth knowledge of the
end and supplier markets relevant to TAKKT and the digitalization of
customer and business processes. Weishaar started his career in 1999 at the
international management consultancy Arthur D. Little. 'I am very much
looking forward to my new role and working with the global team at TAKKT AG.
Our goal will continue to be to offer our customers the greatest possible
added value through our strong brands. Our immediate focus will be on the
rapid implementation of further growth impulses and the further operational
improvement of the performance of our business,' says Andreas Weishaar.


Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=download2_file&code_str=1a5ca28395a8e62fb31351e0f5bbc27b
Image title: Maria Zesch

Maria Zesch


Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=download2_file&code_str=8dbf08af55bcf2824ae0295508573276
Image title: Andreas Weishaar

Andreas Weishaar

About TAKKT AG

TAKKT AG is the leading omnichannel distributor for business equipment in
Europe and North America. The Group is represented in more than 20 countries
with its Industrial & Packaging, Office Furniture & Displays and FoodService
divisions. The product range of the subsidiaries comprises more than 600,000
products for the areas of plant and warehouse equipment, office furniture,
transport packaging, display articles and equipment for the food service
industry, hotel market and retailers. The company is listed on the SDAX and
is represented in the Prime Standard of the German Stock Exchange.

Contacts
Benjamin Bühler phone +49 711 3465-8223
Email: investor@takkt.de


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01.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        TAKKT AG
                   Presselstr. 12
                   70191 Stuttgart
                   Germany
   Phone:          +49 (0)711 3465 80
   Fax:            +49 (0)711 3465 8104
   E-mail:         investor@takkt.de
   Internet:       www.takkt.de
   ISIN:           DE0007446007
   WKN:            744600
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Stuttgart; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Hamburg, Hanover, Munich, Tradegate
                   Exchange
   EQS News ID:    1936875

End of News EQS News Service
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1936875 01.07.2024 CET/CEST