SURTECO GROUP SE: Dr. Manfred Bracher takes up his post as COO

Buttenwiesen, 3 February 2020 - SURTECO GROUP SE has strengthened its Management Board in line with the announcement in December 2019. With effect from 1 February 2020, Dr. Manfred Bracher, engineer in plastics technology, will take up his post as Chief Operating Officer (COO). Dr. Bracher will contribute a track record of more than 20 years of in-depth experience at international level along with technical expertise in the area of plastics and laminate production. Previously, he held leading management positions in the Lenzing Group in Austria, at Finnish packaging manufacturer Huhtamaki and at Clopay Europe GmbH. Most recently, Dr. Bracher was a Member of the Management Board of RKW SE, Frankenthal, a manufacturer of foil solutions for various sectors.

"We are delighted to have strengthened the team on the Management Board.
Dr. Bracher will help us to rapidly progress the further improvement in competitiveness and the realignment of the company," according to Wolfgang Moyses, Chairman of the Management Board of SURTECO GROUP SE.

The Management Board of SURTECO GROUP SE now comprises Wolfgang Moyses, CEO, Dr. Manfred Bracher, COO and Andreas Riedl, CFO (until 30 June 2020).

Contact:

Profile of SURTECO

SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized holding company with international operations. The company listed on the stock exchange combines leading national and international brands for surface technology under one roof. The comprehensive product portfolio includes papers printed with decor designs, impregnated materials, release papers, decorative flat foils and edgebandings based on specialist technical papers and plastics. This portfolio is complemented by skirtings made of plastics, technical extrusions (profiles) for industry, and roller shutter systems.

With more than 3,300 employees at 23 production sites worldwide, the Group generates annual sales of around EUR 700 million in 2018. 24 % of these sales are generated in Germany, 47 % in European countries outside Germany and a further 29 % in America, Asia and Australia. Customers of the SURTECO Group primarily come from the wood-based, flooring and furniture industries, as well as from interior design.

The shares in SURTECO GROUP SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin, Düsseldorf and Stuttgart.

Cautionary note regarding forward-looking statements

This press release may contain statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company assumes no obligation to update any forward-looking statements contained herein or to adapt such information to future results or developments.