[Translate to French / Französisch:] The organizational change at ARGO-HYTOS Group AG already announced in March has come into effect today. Mr. Christian Kienzle has handed over the position of CEO to Mr. Erich Hofer and will now, in his new role as Chairman of the Board of Directors, focus more on the organizational and strategic orientation of the Group.

We would like to take this opportunity to introduce our new CEO a little closer. Mr. Erich Hofer has been working for ARGO-HYTOS in various positions for 10 years with a short interruption. In 2017, he took over the position of CFO of the ARGO-HYTOS Group, which he will continue to hold.

From 2001 to 2004, Erich Hofer acted as Group CFO of the Technologiekonzern Schneeberger. Thereafter, he assisted companies and start-ups in the fields of oil & gas, underground mining and technology as an active board member of a US investment company. Since 2015, Erich Hofer has again been working for the ARGO-HYTOS Group, first for the expansion of strategically relevant business areas and from 2017 as Group CFO.

"After almost 10 years at ARGO-HYTOS, I am pleased to take over the overall responsibility and to further expand our position as a world market leader in fluid technology & hydraulics."

On behalf of ARGO-HYTOS we would like to take this opportunity to congratulate Mr. Erich Hofer on his new position and wish him much joy & success in his new role.