The Board of Directors of Julius Berger Nigeria has announced the following changes to the management structure of the Company, effective October 16, 2018: Succession and change of Julius Berger's Managing Director from Engr. Wolfgang Goetsch to Dr. Lars Richter; and expansion of Julius Berger's Executive Management, to include a new Directorate for Corporate Development. The new Managing Director, Dr. Lars Richter has vast operational experience, broad technical knowhow and a strong knowledge of Julius Berger, Nigeria-wide, garnered from sixteen years of working with the Company, the last ten of which were spent in Nigeria managing the acquisition, operations and successful completion of major and challenging projects across the Company's operations. A new Directorate, Corporate Development, is also created and is to be headed by Mr. Tobias Meletschus. Mr. Meletschus has an extensive financial and legal background, with robust experience working with international blue chip companies. Since 2012, he has held the position of Head of Business Development within Julius Berger, leading diversification strategies and related business plans, as well as the assessment and successful negotiation of largescale projects.