The Supervisory Board of KAP AG appointed Marten Julius as the new member of the Management Board and Chief Financial Officer as of 1 October 2020. He succeeds Dr. Alexander Riedel, who has asked the Supervisory Board for personal reasons to release him from his position on the Management Board of KAP AG as of September 30, 2020. Alexander Riedel was a member of the Management Board of KAP AG since May 2018. Marten Julius, 54, was most recently Chief Financial Officer at the Infiana Group in Forchheim, a leading manufacturer of plastic films. Prior to that, he held the position as CFO and Commercial Director at SMC Pneumatik GmbH in Egelsbach, the German subsidiary of the Japanese SMC Corporation.