ALSO strengthens Group Management
General Counsel and Senior Vice President HR becomes member of the Group Management

For several years, the Executive Committee of ALSO Holding AG has been working very successfully in a matrix organisation consisting of the responsible managers of the 23 ALSO countries as well as the Senior Vice Presidents of the various specialist areas. During this time, the team has achieved excellent results, both in terms of regional expansion, strengthening of the market position and the development of the 3 business models Supply, Solutions and Service. This successful course requires reinforcements within the Group Management. As has already happened several times in the past, selected members of the Executive Committee are appointed for this purpose.

Current activities focus on dealing with the different legal systems in the newly added countries, mergers and acquisitions, service level agreements and the support of new business models such as It-as-a-Service. Effective immediately, the ALSO Group has therefore appointed its General Counsel and SVP Human Resources, Thomas Meyerhans, as a member of the Group Management. Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN): «Through his work in the Executive Committee, Thomas Meyerhans has qualified for this position over the past years. With his expertise, he will make an important contribution to the further development of the company from both a regional and technological perspective. »

After studying law in Heidelberg, Lausanne and Mainz, Meyerhans pursued his professional career in three international commercial law firms before joining ALSO. The future focus of the lawyer's work, in addition to heading the Group Legal Department, will be to support the Board of Directors in close cooperation with a Swiss law firm. In addition, he will continue to head the Center of Competence for HR and drive forward the digitization of the legal and HR departments.

Direct link to media release: https://www2.also.com/press/20200512en.pdf

Contact person ALSO Holding AG:
Manuela Rost-Hein
Head of Communications ALSO Group
Phone: +49 151 14040215
E-Mail: manuela.rost-hein@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of the ICT industry together. ALSO offer more than 660 vendors of hardware, software and IT-services access to over 110 000 buyers, who can call a broad spectrum of other customized services in the logistics, finance, and IT services sectors, as well as traditional distribution services. From the development of complex IT landscapes, the provision and maintenance of hardware and software, right through to the return, reconditioning and remarketing of IT hardware, ALSO offers all services as a one-stop shop. ALSO is represented in 23 European countries and generates total net sales of approximately 10.7 billion euros with around 4 000 employees in the fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at https://also.com

Droege Group
Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family- equity business model. The group carries out direct investments with its own equity in corporate spin-offs and medium-sized companies in «special situations». With the guiding principle «execution - following the rules of art», the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on current megatrends (knowledge, connectivity, prevention, demography, specialization, future work, shopping 4.0). Enthusiasm for quality, innovation and speed determines the company's actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. More information: https://droege-group.com

Disclaimer
This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.