Thomas Schuchardt leaves Gigaset AG

EQS-Media / 31.05.2023 / 09:16 CET/CEST

Press Release

Thomas Schuchardt leaves Gigaset AG
Supervisory Board and CFO terminate appointment by mutual consent

Thomas Schuchardt, CFO of Gigaset AG, is leaving the company by mutual agreement effective May 31st, 2023. Dr. Magnus Ekerot, CEO and Chairman of the Executive Board of Gigaset AG since January 1st, 2023, will be responsible for taking over operational matters on an interim basis with immediate effect.

Helvin Wong, Chairman of the Supervisory Board of Gigaset AG, expresses his thanks: "Mr. Schuchardt has been instrumental in keeping the company on track, especially during the last three exceptional pandemic years. His achievements in the areas of liquidity, cost and working capital management as well as in the financing of the Gigaset Group deserve special recognition. We continue to wish him all the best in his future professional and personal endeavors."

Thomas Schuchardt on his departure: "I am grateful that I was able to accompany Gigaset during an entrepreneurially challenging phase as CFO. Together with my finance team and all employees, we have achieved a lot. I would like to thank Dr Magnus Ekerot, the staff and the Supervisory Board for their cooperation and wish them continued success."

Commenting on the CFO change, Dr Magnus Ekerot said: "I have worked with Mr. Schuchardt in a trusting manner over the last few months, but change is part of the business. I wish Mr. Schuchardt all the best in his personal and professional life. After a strong first quarter of 2023, my focus remains on driving the strategic realignment of the company for the future together with the management team."

Gigaset AG, Bocholt, is a world-leading company in the area of communications technology and offers a wide range of products and solutions. The company is Europe’s market leader in DECT telephones and also a leader in the international arena, with around 850 employees and sales activities in more than 50 countries. The business activities of the German company, which boasts a long and rich tradition stretching back more than 175 years, comprise not only DECT phones, but also an extensive smartphone portfolio for private and business customers, cloud-based smart home and smart care solutions, and business telephony solutions for the SOHO, SME and enterprise segment.

Gigaset AG is listed in the Prime Standard of Deutsche Börse and is therefore subject to the highest transparency requirements. Its shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).

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End of Media Release

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Language:

English

Company:

Gigaset AG

Frankenstr. 2

46395 Bocholt

Germany

Phone:

+49 (0)89 444 456 866

Fax:

+49(0)89 444 456 930

E-mail:

info@gigaset.com

Internet:

www.gigaset.com

ISIN:

DE0005156004

WKN:

515600

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1645385

End of News

EQS Media

1645385 31.05.2023 CET/CEST