2020

12.05.2020 – ALSO Holding AG

ALSO strengthens Group Management: General Counsel and Senior Vice President HR becomes member of the Group Management

ALSO Holding AG / Key word(s): Personnel
ALSO strengthens Group Management: General Counsel and Senior Vice President
HR becomes member of the Group Management

12-May-2020 / 17:35 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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ALSO strengthens Group Management
General Counsel and Senior Vice President HR becomes member of the Group
Management

For several years, the Executive Committee of ALSO Holding AG has been
working very successfully in a matrix organisation consisting of the
responsible managers of the 23 ALSO countries as well as the Senior Vice
Presidents of the various specialist areas. During this time, the team has
achieved excellent results, both in terms of regional expansion,
strengthening of the market position and the development of the 3 business
models Supply, Solutions and Service. This successful course requires
reinforcements within the Group Management. As has already happened several
times in the past, selected members of the Executive Committee are appointed
for this purpose.

Current activities focus on dealing with the different legal systems in the
newly added countries, mergers and acquisitions, service level agreements
and the support of new business models such as It-as-a-Service. Effective
immediately, the ALSO Group has therefore appointed its General Counsel and
SVP Human Resources, Thomas Meyerhans, as a member of the Group Management.
Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN): «Through his work
in the Executive Committee, Thomas Meyerhans has qualified for this position
over the past years. With his expertise, he will make an important
contribution to the further development of the company from both a regional
and technological perspective. »

After studying law in Heidelberg, Lausanne and Mainz, Meyerhans pursued his
professional career in three international commercial law firms before
joining ALSO. The future focus of the lawyer's work, in addition to heading
the Group Legal Department, will be to support the Board of Directors in
close cooperation with a Swiss law firm. In addition, he will continue to
head the Center of Competence for HR and drive forward the digitization of
the legal and HR departments.


Direct link to media release: https://www2.also.com/press/20200512en.pdf


Contact person ALSO Holding AG:
Manuela Rost-Hein
Head of Communications ALSO Group
Phone: +49 151 14040215
E-Mail: manuela.rost-hein@also.com


ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of
the ICT industry together. ALSO offer more than 660 vendors of hardware,
software and IT-services access to over 110 000 buyers, who can call a broad
spectrum of other customized services in the logistics, finance, and IT
services sectors, as well as traditional distribution services. From the
development of complex IT landscapes, the provision and maintenance of
hardware and software, right through to the return, reconditioning and
remarketing of IT hardware, ALSO offers all services as a one-stop shop.
ALSO is represented in 23 European countries and generates total net sales
of approximately 10.7 billion euros with around 4 000 employees in the
fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege
Group, Düsseldorf, Germany. Further information is available at
https://also.com


Droege Group
Droege Group (founded in 1988) is an independent advisory and investment
company under full family ownership. The company acts as a specialist for
tailor-made transformation programs aiming to enhance corporate value.
Droege Group combines its corporate family-run structure and capital
strength into a family- equity business model. The group carries out direct
investments with its own equity in corporate spin-offs and medium-sized
companies in «special situations». With the guiding principle «execution -
following the rules of art», the group is a pioneer in execution-oriented
corporate development. Droege Group follows a focused investment strategy
based on current megatrends (knowledge, connectivity, prevention,
demography, specialization, future work, shopping 4.0). Enthusiasm for
quality, innovation and speed determines the company's actions. In recent
years Droege Group has successfully positioned itself in domestic and
international markets and operates in 30 countries. More information:
https://droege-group.com

Disclaimer
This press release contains forward-looking statements which are based on
current assumptions and forecasts of the ALSO management. Known and unknown
risks, uncertainties, and other factors could lead to material differences
between the forward-looking statements made here and the actual development,
in particular the results, financial situation, and performance of our
Group. The Group accepts no responsibility for updating these
forward-looking statements or adapting them to future events or
developments.


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