On December 17, 2021, Loic Jenouvrier, Chief Financial Officer of Global Blue Group Holding AG tendered his resignation from the Company, effective on March 31, 2022. Mr. Jenouvrier will continue to work full-time through the effectiveness of his resignation. Mr. Jenouvrier's resignation was for personal reasons and is not the result of any dispute or disagreement with the Company, its board of directors or its management, or any matter relating to the Company's operations, policies or practices. The Board of Directors have determined to appoint Roxane Dufour as Chief Financial Officer with effect from April 1, 2022. Ms. Dufour, 40, joined Global Blue in 2016 as Group Finance Coordinator, supporting Mr. Jenouvrier in strategic matters and overseeing the Company's SOX implementation project. Prior to joining the Company, Ms. Dufour worked at Edenred, where she held various management positions in Finance, such as Group Finance Controller and Internal Audit Director.