ALSO finalises succession planning: Wolfgang Krainz appointed as new CEO

ALSO Holding AG / Key word(s): Personnel/Personnel
ALSO finalises succession planning: Wolfgang Krainz appointed as new CEO

30-Apr-2024 / 07:00 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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     PRESS RELEASE
     Ad hoc announcement pursuant to Art. 53 KR

ALSO finalises succession planning:
Wolfgang Krainz appointed as new CEO

As of 1 May 2024, he will succeed Gustavo Möller-Hergt, who continues to
serve as President of the Board of Directors of ALSO Holding AG (SIX: ALSN).

Wolfgang Krainz has been with the company since 2016, most recently as
Regional Chief Customer Officer Austria and Central and Eastern Europe.
During this time, he has consistently optimised his areas of responsibility,
driven the growth of the digital platforms and successfully integrated
acquisitions into the existing organisation.

'Over the last years, ALSO has built a successful ecosystem, which we will
continue to expand in the future. To further accelerate our sustainable
profitable growth, the organisation is going to focus more strongly on sales
aspects. More details will be announced shortly,' explains the new CEO.

'In this highly dynamic industry, it has been a privilege to lead a company
like ALSO, which anticipates changes and challenges and successfully adapts
its strategy, while remaining true to its core values. This is primarily due
to its talented and committed employees. With Wolfgang, we have now chosen a
CEO with strong sales and leadership skills from within this group,' says
Möller-Hergt.


Contact ALSO Holding AG

Kilian Maier

e-mail: kilian.maier@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is one of the leading
technology providers for the ICT industry, currently active in 30 European
countries and in a total of 144 countries worldwide via PaaS partners. The
ALSO ecosystem comprises a total potential of around 135,000 resellers, to
whom we offer hardware, software and IT services from more than 800 vendors
in over 1,540 product categories. In the spirit of the circular economy, the
company provides all services from provision to remanufacturing from a
single source. The business activities comprise the areas of Supply,
Solutions and Service. Supply stands for the transactional provisioning of
hardware and software. Solutions supports customers in the development of
customised IT solutions. Subscription-based cloud offerings as well as
digital platforms for IoT, cybersecurity, virtualisation and AI are at the
heart of the Service division. The main shareholder is the Droege Group,
Düsseldorf, Germany. Further information can be found at https://also.com

The Droege Group (founded in 1988) is an independent investment and
consulting firm under full family ownership. The company acts as a
specialist for tailor-made transformation programs aiming to enhance
corporate value. Droege Group combines its corporate family-run structure
and capital strength into a family-equity business model. The group invests
its own equity in 'special opportunities' with a focus on medium-sized
companies and spin-offs as well as strategically in buy & build
transactions. With the guiding principle 'execution - following the rules of
art', the group is a pioneer in execution-oriented corporate development.
Droege Group follows a focused investment strategy based on long-term
oriented megatrends. Enthusiasm for quality, innovation and speed determines
the company's actions. In recent years Droege Group has successfully
positioned itself in domestic and international markets and operates in 30
countries.

Disclaimer

This press release contains forward-looking statements which are based on
current assumptions and forecasts of the ALSO management. Known and unknown
risks, uncertainties, and other factors could lead to material differences
between the forward-looking statements made here and the actual development,
in particular the results, financial situation, and performance of our
Group. The Group accepts no responsibility for updating these
forward-looking statements or adapting them to future events or
developments.

Additional features:


File: https://eqs-cockpit.com/c/fncls.ssp?u=cc2d74daecfc37cead3a040b9eac3b6b
File description: Photo - Wolfgang Krainz

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End of Inside Information

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1892277 30-Apr-2024 CET/CEST