IBU-tec advanced materials AG announced that the Supervisory Board of IBU-tec advanced materials AG will extend the Executive Board appointment of Jörg Leinenbach (51 years old) by a further five years until 31 December 2026. Leinenbach will lead the company as Co-CEO from the beginning of 2022 alongside company founder and majority shareholder Ulrich Weitz (age 62). At Annual General Meeting in 2023, Weitz intends to stand for election to the Supervisory Board. Leinenbach is then to become Chief Executive Officer (CEO). The focus for the coming year will be on implementing the IBU2025 corporate strategy.