Brief: Forbo Holding Says Change On The Executive Board Of Forbo Group

Forbo Holding AG

25/11/2022 18:18

Nov 25 (Reuters) - Forbo Holding Ag  FORN.S :
    * CHANGE ON THE EXECUTIVE BOARD OF FORBO GROUP
    * MICHAEL SCHUMACHER, CHIEF EXECUTIVE OFFICER OF FORBO
GROUP, WILL
LEAVE COMPANY AS OF NOVEMBER 30, 2022
    * NEWLY DESIGNATED CHIEF EXECUTIVE OFFICER OF FORBO GROUP IS
JENS
FANKHÄNEL
    * FANKHÄNEL WILL ASSUME HIS ROLE BY MARCH 1, 2023
    * FORBO HOLDING- DECISION WAS MADE BY MUTUAL AGREEMENT
BETWEEN
MICHAEL SCHUMACHER AND BOARD DUE TO DIFFERING VIEWS REGARDING
STRATEGIC DIRECTION
    * E. SCHNEIDER WILL TAKE OVER FUNCTION ON AN AD INTERIM
BASIS
    * FORBO EXPECTS A GROUP PROFIT OF AROUND CHF 100 MILLION FOR
2022

Source text for Eikon:  ID:nEQ7xHZr1a 
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