Kirn, 06 June 2019. Matthias Schönberg (52) is to be appointed as new CEO and Chairman of the Management Board of SIMONA AG effective 15 August 2019. He will thus succeed Wolfgang Moyses, who has been a member of the Management Board since 1999 and has successfully managed the company in his capacity as CEO since 2003. During a career spanning almost 25 years, Matthias Schönberg has successfully managed and developed large and highly complex international business segments in a wide range of markets. Most recently, as Vice President at Axalta Coating Systems, a leading global supplier of liquid and powder coatings, he oversaw the company's EMEA business with sales of EUR 1.4 billion and a workforce of 4,900 people. In this role, Mr. Schönberg was also a member of the Global Leadership Team at Axalta. Prior to this, Mr. Schönberg had worked at Continental AG for 17 years, holding various national and international management positions, culminating in the role of CEO of ContiTech Fluid Technology. Matthias Schönberg holds the degree of Diplom-Kaufmann from University of Bayreuth.

Mr. Schönberg has been offered a three-year contract by the plastics processing company headquartered in Kirn. Wolfgang Moyses, the current CEO of SIMONA, will transfer his responsibilities to Mr. Schönberg effective 15 August 2019 and is to remain a member of the Management Board until 30 September 2019. This ensures a well-structured transition for this key managerial role.

Additionally, Michael Schmitz will be appointed to the Management Board of SIMONA AG effective 15 August 2019. Mr. Schmitz had taken up the role of CFO at SIMONA as early as 30 June 2018. He has served SIMONA in various international management roles since 1998. Mr. Schmitz has also been offered a three-year contract.

Following the departure of Wolfgang Moyses (as from 30 September 2019) and Dirk Möller (as from 30 June 2019), the Management Board of SIMONA AG will in future be comprised of Matthias Schönberg, CEO, Dr. Jochen Hauck, COO, and Michael Schmitz, CFO.

"We are delighted to have secured the services of Matthias Schönberg as a preferred candidate for the position of CEO. Drawing on his far-reaching experience in managing and expanding international fields of business, Mr. Schönberg will continue to pursue SIMONA's strategy in a determined manner. On behalf of the Supervisory Board, I would like to thank Wolfgang Moyses for his successful contribution. During his time as CEO he drove forward international expansion at SIMONA, oversaw the successful establishment of new fields of business and achieved significant growth in revenues and earnings. My sincere thanks also go to Mr. Möller, who served SIMONA AG with great success as a Management Board member over a period of 25 years. He was instrumental, in particular, in establishing and expanding our Pipes & Fittings division and extending our portfolio of materials with the help of our new Technology Centre," says Dr. Rolf Goessler, Chairman of the Supervisory Board of SIMONA AG.