Hoftex Group AG appointed Manuela Spörl as the new Chief Financial Officer effective August 1, 2020. She succeeds Robert Seibold, who currently holds both the position of Chief Financial Officer at ERWO Holding AG - the Hoftex Group AG's main shareholder which holds 84% of total shares - as well as at Hoftex Group AG. Due to increased regulatory requirements and the expanded range of responsibilities for the executive bodies at both organisations, the Supervisory Boards of both companies have decided to appoint a separate Chief Financial Officer for each company. She has been working for Hoftex Group AG since 2000. Her professional career began in the Corporate Controlling department, and in 2012 she was appointed to the Executive Board. In this role she has been responsible for an additional range of duties and various group projects. She was also granted power of attorney in 2015. In August 2018, he was appointed CFO of ERWO Holding AG, where he took over responsibility for the corporate law and financial matters of the entire group. He will continue his current activities at ERWO Holding AG unchanged. The Supervisory Board of Hoftex Group AG as well as the management and the management staff thank Robert Seibold for his valuable contribution to the success of Hoftex Group AG and wish him continued success with his duties in the ERWO Group.