After 8 years as CEO of the Forbo Group, Stephan Bauer will leave the company at the age of 60 by latest end of September 2021 in order to take up non-executive tasks. The Board of Directors of Forbo Holding Ltd. has appointed Michael Schumacher as CEO. He will take up his position in September 2021. Michael Schumacher, a Swiss citizen, is 51 years of age and has many years of international experience in industrial companies in the building industry. Most recently, he worked for 10 years at Saint-Gobain, where he was first CEO of Sanitas Troesch and then CEO of Building Distribution Germany; he is currently CEO of the newly created unit Saint-Gobain Switzerland. He had previously worked for 6 years at Geberit as Head of Group Marketing and was active in China with responsibility for Asia/Pacific.