Mutares expands Management Board

EQS-News: Mutares SE & Co. KGaA / Key word(s): Personnel
Mutares expands Management Board

21.06.2024 / 09:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Mutares expands Management Board

  * Supervisory Board appoints two new Management Board members as of July
    1, 2024

  * Johannes Laumann returns to the Management Board as Chief Investment
    Officer (CIO)

  * Dr Lennart Schley is newly appointed to the Management Board as Chief
    Operating Officer (COO) for the operational management of the portfolio
    companies

* Top management thus optimally positioned for the planned expansion

Munich, June 21, 2024 - The Supervisory Board of Mutares Management SE, the
general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Company"),
has decided to expand the Management Board of the Company to four members
effective July 1, 2024, in order to take into account the size achieved and
the ambitious growth and expansion efforts of the Company.

Johannes Laumann, who was a member of the Mutares Management Board from 2019
to 2023 and asked the Supervisory Board for a personal sabbatical in
November 2023, will return to his former position as Chief Investment
Officer (CIO) on the Management Board. Johannes Laumann, who has
significantly driven the Group's growth during his time on the Management
Board and helped to develop the Group's revenues from around EUR 1 billion
to EUR 3.5 billion in four years, will be responsible for Mutares' M&A
activities and in particular the internationalization of the Group.

The Supervisory Board of Mutares also appoints Dr Lennart Schley to the
Management Board of Mutares. Dr Lennart Schley has worked for Mutares for
almost 14 years and was most recently responsible for key subsidiaries
within the Group as Segment Head. Dr Lennart Schley started at Mutares as a
manager and has made a remarkable development up to the Management Board of
the Group. In the future, he will be responsible for the operational
management of the portfolio companies acquired by Mutares.

Volker Rofalski, Chairman of the Supervisory Board of Mutares SE & Co. KGaA,
comments: "We are very pleased to have Johannes Laumann back on the Mutares
Management Board after his time out. As CIO, he has played a key role in the
successful development of Mutares in recent years. We are delighted that he
is strengthening the Management Board again to drive forward our growth
targets and the internationalization of our business as part of our
expansion into China, India, and the USA."

Dr Kristian Schleede, Chairman of the Supervisory Board of Mutares
Management SE, adds: "Dr Lennart Schley is an experienced executive at
Mutares who, after almost 14 years with the Company, has an impressive track
record in the management of numerous portfolio companies. The Supervisory
Board is delighted to have Dr Schley on board for this challenging task and
looks forward to continuing our successful cooperation in his new role. With
the appointment of deserving executives to the Management Board, we are
relying on many years of experience and stability in the Mutares Executive
team."

Robin Laik, founder, CEO, and largest shareholder of Mutares, is extremely
pleased: "Following the very successful Annual General Meeting of Mutares on
June 4, 2024, at which the shareholders voted by a large majority for
continuity in the Company's Supervisory Board committees, the Supervisory
Board has taken a decisive step towards achieving Mutares' ambitious growth
targets with the appointment of Johannes Laumann and Dr Lennart Schley. With
this Management Board team, I am confident that Mutares can continue to
achieve even greater success."

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity
holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee,
Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai,
Stockholm, Vienna and Warsaw, acquires companies in special situations which
show significant operational improvement potential and are sold again after
undergoing a repositioning and stabilization process. For the fiscal year
2024, consolidated revenues of EUR 5.7 billion to EUR 6.3 billion are
expected. Based on this, consolidated revenues are to be expanded to approx.
EUR 7 billion by 2025 and EUR 10 billion by 2028. As the portfolio grows, so
do consulting revenues, which together with portfolio dividends and exit
proceeds accrue to the Mutares Holding. On this basis, the Holding Company
is expected to generate a net income of EUR 108 million to EUR 132 million
for the fiscal year 2024, EUR 125 million to EUR 150 million for the fiscal
year 2025 and EUR 200 million for the fiscal year 2028. The Management Board
and Supervisory Board together hold more than one-third of all Mutares
shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on
the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX"
(ISIN: DE000A2NB650) and have been part of the selection index SDAX since
December 2023.

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.com

Press Contact in Germany
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk


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21.06.2024 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:        Mutares SE & Co. KGaA
                   Arnulfstr.19
                   80335 Munich
                   Germany
   Phone:          +49 (0)89-9292 776-0
   Fax:            +49 (0)89-9292 776-22
   E-mail:         ir@mutares.de
   Internet:       www.mutares.de
   ISIN:           DE000A2NB650
   WKN:            A2NB65
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1930127

End of News EQS News Service
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1930127 21.06.2024 CET/CEST