Dr. Peter Altorfer will not be standing for re-election at the 2024 Ordinary General Meeting. The Board of Directors of Forbo Holding Ltd. will propose Joerg Kampmeyer and Bernhard Merki for election to the Board of Directors. After almost 20 years' service on the Board, Dr. Peter Altorfer will not be standing for re-election to the Board of Directors at the next Ordinary General Meeting on April 5, 2024, as a member of the Board of Directors and as Vice Chairman of Forbo Holding Ltd. He has been a member of the Board since 2005 and is Chairman of the Human Resources and Nomination Committee, the Remuneration Committee as well as a member of the Audit and Finance Committee.