Paion AG announced that Sebastian Werner has been appointed by the Supervisory Board as a new member of the Management Board in the position as Chief Financial Officer with effect from 1 June 2022. Sebastian Werner will succeed Abdelghani Omari, who, at his own request and by mutual agreement, will resign from his Management Board mandate, which expires on 31 December 2022 ahead of schedule on 31 August 2022, and will leave the Company's Management Board to pursue new management opportunities in the future.