Flow Traders N.V. announced that Dennis Dijkstra has decided not to seek reappointment as Chief Executive Officer. Mike Kuehnel, currently serving as Chief Financial Officer and member of the Management Board, will become Chief Executive Officer effective 1 February 2023. Dennis Dijkstra has conveyed to the Supervisory Board his intention not to stand for reappointment to the Management Board at the 2023 Annual General Meeting.

Dennis joined Flow Traders as Chief Financial Officer in 2009 and was first appointed Co-CEO in January 2014 and subsequently CEO in May 2019. He has been a member of the Management Board since Flow Traders' IPO in 2015. The Supervisory Board has unanimously decided that Mike Kuehnel will assume the role of Chief Executive Officer as of 1 February 2023.

Mike was confirmed as a member of the Management Board and Chief Financial Officer in September 2021 having joined Flow Traders in August 2021. As Chief Financial Officer, Mike has been responsible for overseeing the Finance, Investor Relations and Tax functions, as well as the development of Flow Traders' growth strategy. More recently, Mike has also been responsible for the Risk and Compliance functions.

Mike has over twenty years of investment banking and strategy consulting experience in the global financial market infrastructure space. In order to ensure an effective leadership transition, Dennis will hand over his responsibilities to Mike on 1 February 2023 and remain with Flow Traders in an advisory capacity until the end of April 2023. Mike, together with Folkert Joling, Chief Trading Officer and member of the Management Board, and in conjunction with the newly established global Executive Committee will focus on accelerating the execution of Flow Traders' strategic growth agenda to create value for all stakeholders.

The Supervisory Board has initiated the search process for a new Chief Risk and Financial Officer.