The Board of Directors of Schindler Holding AG has decided to appoint Tobias B. Staehelin as a member of the Group Executive Committee responsible for Human Resources with effect from April 1, 2021. He is currently CEO of C. Haushahn Group, Germany and a member of the Board of Directors of Schindler Holding AG. Tobias B. Staehelin will succeed David Clymo who, after more than 20 years with the Schindler Group, will retire and step down from the Group Executive Committee on March 31, 2021. Mr. Staehelin will continue to serve as a member of the Board of Directors of Schindler Holding AG.