Dr. Michael Schneider, Chairman of the Management Board of NORMA Group SE and the Supervisory Board of NORMA Group mutually agreed not to extend the contract of Dr. Schneider which ends on June 30, 2023. Since 2015 Dr. Schneider served as Chief Financial Officer and in 2019 was appointed as CEO of NORMA Group. The Supervisory Board will commence a structured search for a successor of Dr. Schneider in his role as CEO.

Dr. Schneider will ensure jointly with the two other members of the Management Board an orderly transmission and leave the Management Board of NORMA Group SE on December 31, 2022.