Wittur Tools
Wiedenzhausen, December 13th, 2016

CFO Frank Schulkes to leave Wittur Group

The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that, in agreement with the Supervisory Board, CFO Frank  Schulkes  has decided to leave the company for personal reasons. The Group’s Supervisory Board has initiated the search for a new CFO. With immediate effect, Wittur Group CEO Patrik  Wohlhauser,  will also take on the responsibility for the finance function. He will be supported by an interim CFO Office until a successor is found.

The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that, in agreement with the Supervisory Board, CFO Frank Schulkes has decided to leave the company for personal reasons. The Group’s Supervisory Board has initiated the search for a new CFO. With immediate effect, Wittur Group CEO Patrik Wohlhauser, will also take on the responsibility for the finance function. He will be supported by an interim CFO Office until a successor is found.
 
Michael Siefke, Chairman of the Wittur Group’s Supervisory Board, commented: “We would like to thank Frank for his commitment and the work he has performed over the past months. He joined Wittur in a decisive moment and has supported the successful integration of Sematic into the Group while continuing to keep up a strong business performance. We wish him all the best for his future.”
 
The integration of Sematic and the achievement of synergies continue to make very good progress and are fully on track. Wittur Group reiterates its financial outlook released with the publication of the earnings for the first nine months 2016 in mid-November. The Management continues to expect the revenue and EBITDA Adjusted development of the combined pro forma Wittur Group to be more or less stable for the full year 2016. For 2017, the consolidated Wittur Group revenue and EBITDA Adjusted are expected to exceed 2016 combined pro forma Wittur Group levels.
 
 
Investor Relations Contact
Yara Kes
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: +49(81 34) 18 - 173
Mail: yara.kes@wittur.com

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