Shelly Group SE: Early extension of the appointment of Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch

Sofia / Munich, 20 February 2025 – The Board of Directors of Shelly Group SE (Ticker:  / ISIN: ) (“Shelly Group” / “the Company”), has decided to propose to the Annual General Meeting in June 2025 the early extension of the appointments of Dimitar Dimitrov and Wolfgang Kirsch as members of the Board of Directors. Both assignments have terms until the end of 2025. Dimitar Dimitrov is now to be appointed for a further five years until 31 December 2030, Wolfgang Kirsch at his own request initially for a further three years until 31 December 2028. With the early contract extensions, the Board of Directors is relying on continuity in the proven leadership of Dimitar Dimitrov and Wolfgang Kirsch as Co-CEOs to continue the Shelly Group’s growth trajectory.

Christoph Vilanek, Chairman of the Board of Directors of Shelly Group: ”I am delighted that Dimitar Dimitrov and Wolfgang Kirsch will continue to contribute their expertise and experience to the further development of the Shelly Group. They have proven to be key pillars of the company's success in recent years. Under the leadership of Dimitar Dimitrov and Wolfgang Kirsch, we will continue our successful growth trajectory.”

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About Shelly Group

is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

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