Nabaltec AG has announced a change in its Management Board, as the Supervisory Board is going to appoint Dr. Alexander Risch to a 4-year term on the Management Board effective October 1, 2021. Dr. Michael Klimes, who has been serving on Nabaltec AG's three-member Management Board as COO since 2017, has chosen not to extend his contract, which expires on December 31, 2021. From 2006 through 2021, he headed that company's global sales, marketing and order processing operations. As of 1 January 2022, Dr. Alexander Risch as COO will have sole responsibility for the company's departments research and development, as well as for production and sales. Until that date, the company management Board will operate as a four-member body for a transitional period.