GESCO SE announces change in the Executive Board


GESCO SE / Key word(s): Personnel
GESCO SE announces change in the Executive Board

08-Dec-2023 / 13:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The Supervisory Board of GESCO SE today reached a mutual agreement with the Company's CEO Ralph Rumberg to hand over the CEO role to new hands after 30 June 2024.We will inform you promptly about the new appointment to the position.

End of Inside Information

Information and Explanation of the Issuer to this announcement:

Mr Rumberg was appointed to the Executive Board in 2018 with the task of navigating GESCO through a transformation. Under his leadership, GESCO developed into an actively shaping shareholder of the subsidiaries. Particularly noteworthy is the largest transaction in the Company's history with the Matterhorn project and the resulting strengthened positioning of the portfolio.

Ralph Rumberg, CEO of GESCO SE: "Since I joined GESCO in 2018, we have been able to achieve a lot. Thanks to a series of transactions and the effective establishment of our Excellence Programmes, the majority of the Industrial Group now consists of market-leading companies, true hidden champions. I am pleased and proud to be able to hand over the Company in very good shape next year."

Stefan Heimöller, Chairman of the Supervisory Board of GESCO SE: "We are very grateful to Ralph Rumberg for his commitment in recent years and, above all, for the successful transformation of the Company. As an active shareholder, we have managed to significantly increase the success of our subsidiaries under his leadership. As the transformation of GESCO SE nears completion, the Supervisory Board and Ralph Rumberg have now come to the decision to initiate a handover.

The CEO's contract, which runs until 30 June 2024, will be fulfilled as planned. We will provide information on the next steps in a timely manner.


About GESCO:

GESCO SE is an industrial group with market- and technology-leading companies in the capital goods industry specialising in process technology, resource technology, as well as healthcare and infrastructure technology. As a Prime Standard-listed company, GESCO SE gives private and institutional investors access to a portfolio of hidden champions in the German industrial SME sector.



Peter Alex
Head of Investor Relations & Communications

Phone +49 (0) 202 24820-18
Fax +49 (0) 202 24820-49

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