Changes in the Supervisory Board of Adtran Networks SE

News summary:

• Prof. Dr. Johanna Hey resigns from office as member of the Supervisory Board and as Chairwoman of the Supervisory Board as of June 30, 2023
• Application filed for judicial appointment of a new member of the Supervisory Board
• Ms. Heike Kratzenstein proposed as new member of the Supervisory Board

Munich, Germany. June 22, 2023. Adtran Networks today announced that the Chairwoman of the Supervisory Board, Prof. Dr. Johanna Hey, has informed the Company that she will resign from her position as a member of the Supervisory Board and as Chairwoman for private reasons with effect from June 30, 2023. Prof. Dr. Johanna Hey has been a member of the Supervisory Board since May 16, 2011. She has held the office of Chairwoman of the Supervisory Board since September 21, 2022.

The Deputy Chairman, Mr. Frank Fischer, and the other Supervisory Board member, Dr. Eduard Scheiterer, remain on the Supervisory Board. The Supervisory Board continues to have a quorum.

An application has already been made for the Supervisory Board of the Company to be supplemented by a court. In this case, the court decides freely and independently on the appointment. However, the Executive Board has decided to propose Ms. Heike Kratzenstein, CEO of Asmodee Holding GmbH, to the court as a candidate for the Supervisory Board. The remaining members of the Supervisory Board and Adtran Holdings, Inc., as majority shareholders, expressly endorse this proposal.  

The Supervisory Board will then elect a new Chairperson in due course.

The Executive Board and the Supervisory Board would like to thank Prof. Dr. Johanna Hey for her many years of outstanding commitment to the Company.

About Adtran Networks

Adtran Networks (formerly ADVA Optical Networking) is a company founded on innovation and focused on helping our customers succeed. Our technology forms the building blocks of a shared digital future and empowers networks across the globe. We’re continually developing breakthrough hardware and software that leads the networking industry and creates new business opportunities. It’s these open connectivity solutions that enable our customers to deliver the cloud and mobile services that are vital to today’s society and for imagining new tomorrows. Together, we’re building a truly connected and sustainable future. For more information on how we can help you, please visit us at .

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