Biofrontera AG announces the election of Prof. Dr. Karin Lergenmüller to the Supervisory Board at the Annual General Meeting on August 23, 2022. The attending shareholders represented approximately 46% of the registered share capital. Following Prof. Dr. Ruhwendel's resignation from the Supervisory Board in February 2022, a sixth position on the Supervisory Board of Biofrontera AG was temporarily vacant.
The management submitted a proposed resolution to Annual General Meeting to downsize the Supervisory Board to five members, which was, however, rejected by the shareholders. The appointment of Prof. Lergenmüller to the Supervisory Board of Biofrontera AG, as proposed by Deutsche Balaton AG by way of a supplementary motion, was approved by a majority of 73.6% of the share capital permitted to be represented at the Annual General Meeting. Prof. Lergenmüller worked for Deutsche Bank AG after holding positions in the management consulting industry, including at Andersen Consulting and Gemini Consulting.
From 1996 to 1998 she was a member of the management of Joas & Comp., Bad Homburg. Since 1999, Prof. Dr. Karin Lergenmüller has been Professor of Marketing and General Business Administration at the Rhine-Main University of Applied Sciences, Wiesbaden. Since 2000 Prof. Dr. Karin Lergenmüller is Global Equity Investor, specialized in Digital World, Technology companies, NFT's and Crypto.
Furthermore, Prof. Lergenmüller holds various supervisory board mandates in companies of the Deutsche Balaton Group.