Hamburg, September 05 2018 – Gebr. Heinemann herewith informs, that it has made the structural decision to have one sales area in the future, with distribution and retail under a comprehensive management among the Executive Board. As part of this, it was decided in mutual agreement to end the cooperation with Executive Director Peter Irion with immediate effect.

The managing partners made this directional decision regarding the future organization of Gebr. Heinemann, which stands for global growth, sensible synergies and sustainability. It was based on an intensive analytical process. As the result, the responsible directors of the distribution departments will report directly to the Executive Director Raoul Spanger. Details will have to be specified, examined and thoroughly prepared and shall be elaborated by the end of 2018. After that the company will approach the implementation step by step.

The entire Executive board and the owners Claus and Gunnar Heinemann explicitly would like to thank Mr. Irion for the over eight years of successful and formative work as Executive Director of the distribution and wish him all the best for his future.

Press Contacts:

Lara Vitzthum

Head of Corporate Communications

L_Vitzthum@Gebr-Heinemann.de

Julia Knors

Manager Corporate Communications

J_Knors@Gebr-Heinemann.de