Pyrolyx AG announced that acting with the approval of the supervisory board, Niels Raeder resigned from his positions as Chief Executive Officer and Chairman of the Management Board of the company with immediate effect. The Supervisory Board subsequently appointed Bernhard Meder the new Chief Executive Officer and Chairman of the Management Board of the company. Bernhard Meder was already a member of the Supervisory Board of the company in the past and has a wealth of experience as CEO and board member of various medium-sized companies.

Niels Raeder, the founder and previous Chairman of the Management Board, spent 10 years at the helm of the company. He will remain available to assist the development of the company in an advisory capacity.