Airopack Technology Group AG announced that Mr. Ralf Ackermann, who joined the board of Directors of the company in July 2016 following the entry of the Apollo Funds in share capital, has informed the Board of Directors that he will not be seeking re-election at the annual general meeting of shareholders on April 18, 2018. The Board of Directors will propose to the annual general meeting of shareholders to elect Mr. Jeremy Honeth as a new member of the Board. Jeremy Honeth has been with Apollo Global Management in London, UK since 2013. Previously, Mr. Honeth was a member of the special situations team at The Carlyle Group in London, UK, and prior to that was a member of the mezzanine debt group at Barclays Private Credit Partners in New York, USA.