The board of directors of Ontex has appointed Mr. Gustavo Calvo Paz as new chief executive officer, with effect from November 14, 2022, succeeding Ms. Esther Berrozpe. Mr. Calvo Paz has a deep understanding of the industry and has vast category knowledge and international experience in operations and strategy within the sector. Born in Argentina and leading operations across Latin America, North America and Europe throughout his career, Mr. Calvo Paz has extensive prior leadership experience, including as an executive member of Kimberly-Clark's Global Leadership Team.

Since 2018, he has been advising investors and boards of publicly listed companies, including Ontex, when he joined the Board of Directors in May 2021. With this appointment, Mr. Calvo Paz will resign from the Ontex board of directors.