TAKKT AG announces generation change and adjustments in the Management Board

TAKKT AG announces generation change and adjustments in the Management Board

Stuttgart, Germany, September 18, 2020. Felix Zimmermann, CEO of TAKKT AG ("Takkt"), today informed the company's Supervisory Board that he will not extend his contract, which runs until 30 April 2023. The Supervisory Board of Takkt will work together with Felix Zimmermann on a succession arrangement. This includes an adjustment of the board structure to accelerate the transformation. The aim is to find a succession solution in the course of 2021, until then Zimmermann will remain CEO of Takkt.

Heiko Hegwein, member of the Takkt management board, has decided to leave the company for personal reasons and by mutual agreement as of September 30, 2020. Until further notice, Felix Zimmermann will take over Heiko Hegwein's tasks in the transformation of the Omnichannel Commerce segment.

"In the past few months, we have embarked on an extensive change process at Takkt. In order to continue this process successfully, continuity in management beyond 2023 is necessary. I would like to initiate the necessary generational change now and support it personally as much as possible," says Takkt CEO Felix Zimmermann.

"We very much regret Felix Zimmermann's decision, but would also like to thank him for setting the course in good time, which makes strategic continuity possible. Together we will arrange his succession in a structured process with a long-term perspective," says Florian Funck, Chairman of the Supervisory Board of Takkt: "At the same time, we are using the changes to realign the Takkt Management Board and, above all, to further strengthen the CEO position overall for the further implementation of the transformation.

"We would like to thank Heiko Hegwein very much for his commitment to date in building up the Omnichannel Commerce segment. We wish him all the best for his future professional and private career and all the best for his continued success," says Florian Funck, Chairman of the Supervisory Board.

About TAKKT AG
TAKKT is the leading B2B distance seller for business equipment in Europe and North America. The Group focuses on two business models - Omnichannel and Web-focused Commerce. The Omnichannel Commerce segment addresses corporate customers with complex requirements over numerous contact points and with a wide range of services. The Web-focused Commerce segment concentrates its offers primarily via web shops on the less complex requirements of more price-conscious B2B customers. The product range of the subsidiaries comprises more than a million products for the areas of plant and warehouse equipment, office furniture, transport packaging, display articles and equipment for the food service industry, hotel market and retailers. The TAKKT Group is represented with its brands in more than 25 countries and employs approximately 2,500 people. The company is listed on the SDAX and Deutsche Börse Prime Standard.

Contacts:
Michael Loch Tel. +49 (0) 711 3465-8222
Benjamin Bühler Tel. +49 (0) 711 3465-8223
Email: investor@takkt.de