DGAP-News: Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Technology AG: Supervisory Board adopts new Management Board and expanded management structure and sets the course for a rejuvenated management team with new Chief Executive Officer

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Pfeiffer Vacuum Technology AG: Supervisory Board adopts new Management Board and expanded management structure and sets the course for a rejuvenated management team with new Chief Executive Officer

Asslar, June 10, 2020. The Supervisory Board of Pfeiffer Vacuum Technology AG has resolved to change the Management Board and expanded the management structure effective January 1, 2021. In the future, also taking into consideration the existing Relationship Agreement with the Busch Group, the Management Board will consist of only two persons, namely a Chief Executive Officer (who will also serve as Chairperson of the Management Board) and a Chief Operations Officer. The Management Board will in future be supported in its management by a newly formed Group Executive Committee, which, in addition to the members of the Management Board, will include in particular the Chief Financial Officer, the Chief Sales Officer and the Chief Technology Officer.

The Supervisory Board has also appointed Dr. Britta Giesen as a new member of the Management Board as of October 1, 2020. She is the designated Chairwoman of the Management Board and will take over this function from the current Chairman of the Management Board Dr. Eric Taberlet, who is expected to retire on January 1, 2021. Dr. Britta Giesen holds a degree in industrial engineering (mechanical engineering, operations research) and is currently Chief Operating Officer at ISS Facility Services Holding; her previous positions include CEO at ThyssenKrupp Access Solutions and Senior Vice President of the Submersible Pumps business unit at KSB. This is part of the Supervisory Board's long-term succession planning.

"Dr. Eric Taberlet has made a significant contribution to the success of the company over the past 33 years, particularly as General Manager at our French subsidiary and, since the end of 2017, as CEO of our company. For example, he has been a driving force in the integration of the entire company into a global organizational structure", says Ms. Ayla Busch, Chairwoman of the Supervisory Board. "We thank him very much for his work at Pfeiffer Vacuum. We are very pleased that we have won Dr. Britta Giesen to take our well-positioned company to a new level together with the prospectively expanded management team. I am very confident that Dr. Britta Giesen will be doing outstanding work as part of the team in order to purposefully implement the growth-oriented business strategy that is supported by the Supervisory Board."

Dr. Eric Taberlet, Chief Executive Officer, comments: "I am confident that the new leadership team will further pursue our progress to achieve our strategic goals. Within the last years, we put in place the global organization to drive the transformation of our Company. This provides a strong foundation for Pfeiffer Vacuum's future success."

Dr. Britta Giesen: "Pfeiffer Vacuum is a successful global innovation leader in the vacuum industry. I am very much looking forward to sustaining the extensive capital investment program that has been initiated, which will enable us to shape our future course even more successfully through the digitalization and optimization of our processes. In addition, there are further exciting challenges such as the planned growth in China, the development of our strategic application areas and the expansion of our global presence and the optimization of our supply chains as well as the further development of our business models in order to achieve significant growth and further increase profitability".

Ms. Nathalie Benedikt, currently a member of the Management Board and Chief Financial Officer, will leave the company by mutual agreement upon the regular termination of her appointment at the end of the year.

"Over the past three years, Ms. Nathalie Benedikt has positively developed the company, competently enhanced processes in the area of finance and, above all, the risk management and compliance management system. We thank her very much for her dedication and commitment to Pfeiffer Vacuum," says Ms. Ayla Busch.

Contact

Pfeiffer Vacuum Technology AG

Investor Relations

Heide Erickson

T +49 6441 802 1360

[email protected]

About Pfeiffer Vacuum

Pfeiffer Vacuum (ticker symbol PFV, ISIN DE0006916604) is a leading global manufacturer of vacuum solutions. Among a full range of hybrid and magnetically levitated turbopumps, the portfolio comprises backing pumps, leak detectors, measurement and analysis devices, components and vacuum chambers and systems. Pfeiffer Vacuum has stood for innovative solutions and high-tech products in analytics, industry, research & development, coating and semiconductor markets since its invention of the turbopump. Founded in 1890, Pfeiffer Vacuum is active worldwide. The Company employs approximately 3,300 employees, has over 20 sales and service companies, and operates 10 manufacturing sites worldwide.


For more information, please go to: group.pfeiffer-vacuum.com