KAP AG: NEW APPOINTMENT TO THE BOARD SIGNALS CONTINUITY –

DR. HARTMUT SAUER NEW MEMBER OF THE MANAGEMENT BOARD 

• Marten Julius becomes Spokesman of the Management Board
• Dr. Sauer remains head of the surface technologies segment

Fulda, 29 September 2023 – The Supervisory Board of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), appointed Dr. Hartmut Sauer (56) to the company’s Management Board for a period of three years initially. In addition, Marten Julius was named Spokesman of the Management Board. His contract had already been extended at the beginning of the year to run for another three years from 1 October 2023.

Christian Schmitz, Chairman of KAP AG’s Supervisory Board: “For us, it was very important to ensure continuity in the company’s management in terms of operations and its officers by nominating an internal candidate. We are therefore delighted to be able to appoint to our Management Board Dr. Sauer, an experienced and respected expert from within the company. It was also very important to us to win Marten Julius, who has been serving as our CFO very successfully for more than three years, for at least another three years on the Management Board. Indeed, he is also taking over the role of spokesman of the Management Board with immediate effect.”

Hartmut Sauer has a PhD in mechanical engineering from Siegen University and joined KAP in 2019, having previously worked in other positions including as plant manager and managing director at AHC Oberflächentechnik GmbH for twelve years. At KAP, he was in charge of the precision components segment and since May last year head of the surface technologies segment. He will continue to serve as segment manager.

Contact:
KAP AG
Kai Knitter 
Head of Investor Relations & Corporate Communications

About KAP AG
KAP AG is a listed industrial holding company focused on upper mid-size operating companies that seizes attractive growth opportunities in their respective niche markets. Specifically, KAP AG currently focuses on four distinct operating segments: engineered products, flexible films, surface technologies and precision components. The Group lets its shareholders participate in the long-term sustainable value development through an attractive dividend. KAP AG currently has some 2,700 employees at 24 locations in eleven countries. KAP AG is a Participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. KAP AG’s shares are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).