|   Schopfloch

HOMAG Group with new CFO as of March 2020

Schopfloch, December 13, 2019. CFO Franz Peter Matheis will leave the Executive Board of HOMAG Group AG at his own request on February 29, 2020 to seek new professional challenges outside the group. Mr. Matheis has been a member of the Executive Board of HOMAG Group AG since 2015 and was previously Commercial Director of Schenck RoTec GmbH, Darmstadt, which also belongs to the Dürr Group.

Ralf W. Dieter, CEO of Dürr AG and Chairman of the Supervisory Board of HOMAG Group AG: “The Supervisory Board regrets Mr. Matheis' decision, thanks him very much for his successful work as a member of the Executive Board of HOMAG Group AG and wishes him every success and all the best for his professional and private future.”

The Supervisory Board has appointed Rainer Gausepohl, Member of the Executive Board of Dürr Systems AG and CFO of the Application Technology Division of the Dürr Group, as his successor effective March 1, 2020. Ralf W. Dieter: “Rainer Gausepohl has a lot of experience within the Dürr Group. He has great expertise as a finance professional in mechanical and plant engineering, stands for structured processes and is well versed in the business IT sector. He will effectively support HOMAG Group's optimization course."

Disclaimer

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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