Today, the Supervisory Board of GEA Group Aktiengesellschaft and Dr. Helmut Schmale (61), Chief Financial Officer of GEA Group Aktiengesellschaft, have mutually agreed that Helmut Schmale will step down from the Executive Board prior to the termination of his appointment due to expire at the end of March 2021. Pending the decision on his successor, Helmut Schmale will continue to perform his present tasks and responsibilities.

This continues the changing of the guard that was already heralded by GEA’s CEO, Jürg Oleas. In a concerted effort, the Supervisory Board is seeking to appoint a CEO and a CFO in the near future to ensure an orderly overall transition of leadership.

The Supervisory Board would like to take this opportunity to thank Dr. Helmut Schmale for the many years of cooperation that has never failed to be good and constructive.

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