Steffen Hornbach notified the Supervisory Board of his desire to stand down as CEO and retire from the Board of Management of HORNBACH Baumarkt AG as of December 31, 2019, provided that a new CEO has been appointed. Steffen Hornbach wishes to implement this decision, which he has taken for personal reasons, in agreement with the company's Supervisory Board and will be holding talks to this end with the Board and its Personnel Committee. The Supervisory Board has taken note of his request and will appoint a suitable successor, who may be an external candidate, at the earliest possible opportunity.