[Emmi] Changes to the Emmi Board of Directors

Media release

Changes to the Emmi Board of Directors from 2022

Lucerne, 26 April 2021 - Emmi is laying the personnel foundations at Board of Directors level for the continued successful expansion of the business. As part of long-term succession planning, Thomas Oehen-Bühlmann, Member and Vice-Chairman of the Board of Directors, and Franz Steiger, Member of the Board of Directors, will not be standing for re-election at the 2022 Annual General Meeting. Emmi will make an announcement in due course on who will be succeeding these two long-serving and distinguished members.

Emmi's successful expansion and growth from a regional milk processor to an international group of companies with a presence in 15 countries, annual sales of CHF 3.7 billion, and a diversified portfolio of brands and companies is built on a long-term corporate strategy.

Emmi's Board of Directors, comprising four women and five men with a broad mix of expertise and extensive national and international experience, is responsible for this successful strategic direction.

Major impact on Emmi's international expansion

Thomas Oehen-Bühlmann has been a member of the Board of Directors since 2009 and its Vice-Chairman since 2012. He is also a member of the Personnel and Compensation Committee, the Market Committee and the Agricultural Council. Franz Steiger has been a member of the Board of Directors since 2015 and is also a member of the Agricultural Council. Thomas Oehen-Bühlmann and Franz Steiger were at Emmi's side during an important phase and used their expertise and commitment to made a significant contribution to the company's successful international expansion, the consolidation of its presence in the Swiss home market and the development of attractive niche businesses.

The two members of the Board of Directors will not be standing for re-election at the Emmi Annual General Meeting in 2022 as part of long-term succession planning. Emmi will be announcing their successors in due course ahead of the 2022 Annual General Meeting.

The Board of Directors would like to thank Thomas Oehen-Bühlmann and Franz Steiger for their outstanding services to Emmi and the Swiss dairy industry.

Contacts

For analysts:

Ricarda Demarmels, CFO, [phone], [e-mail]

For media:

Emmi Group Communications, [phone], [e-mail]

Pictures and further information

About Emmi

Emmi is a major Swiss milk processor. The company dates back to 1907, when it was founded by 62 dairy farming cooperatives around Lucerne. Over the past 20 years, Emmi has grown into an international, listed group (ticker symbol EMMN). It has pursued a successful, long-term strategy based on three pillars: strengthening its Swiss domestic market, international growth and cost management. Throughout its corporate history, Emmi's keen awareness of its responsibility to society, animal welfare and the environment has been fundamental to its mission.

In Switzerland, Emmi manufactures a comprehensive range of dairy products for its own brands and private label products for customers, including leading exports such as Emmi Caffè Latte and Kaltbach. In other countries, its products - mainly speciality products - are manufactured locally. Alongside cow's milk, it also processes goat's and sheep's milk.

In Switzerland, the Emmi Group has 25 production sites. Abroad, Emmi and its subsidiaries have a presence in 14 countries, 8 of which have production facilities. Emmi exports products from Switzerland to around 60 countries. Its business activities focus on the Swiss domestic market as well as western Europe and the American continent. Roughly half of its CHF 3.7 billion in sales - about 10 % of which stems from organic products - is generated in Switzerland, the other half abroad. Over two-thirds of its almost 8,700 employees are now currently based outside of Switzerland.

Thomas Oehen

Franz Steiger

Information about Emmi's Board of Directors

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