On December 10, 2017, the Supervisory Board of Lloyd Fonds AG adopted a resolution to commence negotiations with the company's Chief Executive Officer, Dr. Torsten Teichert, concerning the premature termination of his activities on the Management Board. This is due to differences of opinion on operating and strategic matters among other things. The parties are striving for an amicable termination effective December 31, 2017 of Dr. Teichert's service contract, which ordinarily expires on June 30, 2019.

After Dr. Teichert's exit, his duties will be performed by Klaus M. Pinter, the other member of the Management Board. Dr. Thomas Duhnkrack, hitherto deputy chairman of the Supervisory Board, has informed the Supervisory Board that he will be stepping down from this office.