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CFO Rainer Gausepohl extends contract until 2026

Schopfloch, July 27, 2022. The Supervisory Board of HOMAG Group AG has extended the appointment of CFO Rainer Gausepohl until February 28, 2026. The 50-year-old has been part of the company’s three-strong Board of Management since February 2020. Originally due to terminate on February 28, 2023, his contract has now been extended, well in advance, by a further three years.

Gerhard Federer, Chairman of the HOMAG Group AG Supervisory Board says: “Rainer Gausepohl is an experienced financial expert, who has excellent knowledge of the mechanical engineering business and stands for a structured management style with long-term focus. Since joining HOMAG, he has played a key role in shaping the company’s commercial processes, the organization, and the IT landscape, thus enabling significant efficiency gains. His contract extension is an important signal that HOMAG’s sales growth continues to be accompanied by a continuous optimization of the company’s structures and processes.”

Rainer Gausepohl forms the HOMAG Group AG Board of Management together with CEO Dr. Daniel Schmitt and Dr. Sergej Schwarz. Prior to joining HOMAG’s Board of Management, he was Commercial Director at the Application Technology division of HOMAG’s parent group, Dürr.


Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 14 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of some 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem "tapio" (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.

This press release contains certain statements relating to the future. Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.

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