DGAP-Ad hoc: EDAG Engineering Group AG

Arbon, 5. September 2017. Changes in Group Executive Management of EDAG Engineering Group AG (EDAG), ISIN CH0303692047 due to a change in strategy.

The Company will increase its competencies in the fields of electro- mobilty, software- solutions and connectivity and spur its international development. This shift in strategic focus is flanked by organizational and personal changes. For this strategic realignment, the Board of Directors recruited Mr. Cosimo de Carlo, currently serving as Group Vice President Automotive at Altran as new Chief Executive Officer. He will assume office within the next twelve month. In addition, the Board of Directors will accelerate the strategic international development and intends to expand the activities in selected 'best cost countries' to tend to changed customer demands. The current CFO Jürgen Vogt will serve as interim CEO for the time being. The Board of Directors is in a constructive dialogue with Jörg Ohlsen regarding future areas of possible cooperation.
 

Contact

EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Schweiz
Tel.: +41 (0)71 544 33 - 11
Fax: +41 (0)71 544 33 - 10
ir@edag-group.ag

ir.edag.com

Anna Sperber
Hering Schuppener Consulting

Tel: +49 (69) 9218 7478

Nina Rosen
Head of Legal EDAG Engineering GmbH

Tel.: +49 (611) 7375 370
Email: nina.rosen@edag.de