Starrag : CEO Dr. Christian Walti is leaving the Starrag Group

Ad hoc announcement pursuant to Art. 53 LR

CEO Dr. Christian Walti is leaving the Starrag Group

Rorschacherberg, 18. November 2022 - Dr. Christian Walti, CEO of Starrag Group, has decided to leave the company for personal reasons.

The Board of Directors thanks Dr. Christian Walti for his commitment to the group since joining in June 2018. Dr. Christian Walti has managed the group successfully through the COVID-19 crises and brought the Order Intake back to an expected level. Dr. Christian Walti will continue to work for Starrag until his latest exit by end of November 2023.

The search for a new CEO has been started with immediate effect. Michael Hauser, Chairman of the Board of Directors, and Bernhard Iseli, Member of the Board of Directors will support the Group through the transition phase until a new CEO is appointed.

High-precision machine tools for greater productivity

Starrag Group is a global technology leader in manufacturing high-precision machine tools for milling, turning, boring and grinding workpieces of metallic, composite and ceramic materials. Principle customers are internationally active companies in the Aerospace, Energy, Transportation and Industrial (Industrial Components, Luxury Goods, Med Tech) sectors. In addition to its portfolio of machine tools, Starrag Group provides integrated technology and maintenance services that significantly enhance customer quality and productivity.

The umbrella brand Starrag unites the product ranges Berthiez, Bumotec, Dörries, Droop+Rein, Ecospeed, Heckert, Scharmann, SIP, Starrag, TTL and WMW. Headquartered in Rorschach/Switzerland, the Starrag Group operates manufacturing plants in Switzerland, Germany, France, the UK and India, and has established a network of sales and services subsidiaries in the most important customer countries.

The shares of Starrag Group Holding AG are listed on the SIX Swiss Exchange.

For further information: www.starrag.com.

Starrag Ad hoc announcement pursuit to Art. 53 LR

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For further information please contact
Michael Hauser	Thomas Erne
Chairman of the Board of Directors	CFO
[e-mail]	[e-mail]

Upcoming events
∙ Sales and orders 2022	27 January 2023
∙ Key figures 2022 / Annual report	10 March 2023
∙	Annual General Meeting	21 April 2023
∙	Half year report 2023	27 July 2023

The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of the issuer. The Starrag Group is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of the Starrag Group or the market in the securities of the Starrag Group.

Rorschacherberg		Vuadens	Chemnitz	Bielefeld