The Board of MBB SE has resolved to make changes to the Executive Management and the Board with effect from 1 July 2021 as the contracts of the Executive Management are due to expire on 30 June 2021. Torben Teichler will be appointed as new Executive Director and CIO of MBB SE. Torben Teichler has been Vice President at MBB SE since 2018 and will primarily be responsible for Treasury and Capital Allocation. The current CEO Dr. Christof Nesemeier will become Executive Chairman (Chairman of the Board and Executive Director) under the monistic corporate constitution. Gert Maria Freimuth will become Vice Chairman of the Board.