Gurit appoints new General Manager of Business Unit Wind Materials

Dr. Ernst Lutz brings with him strong technical knowhow and extensive leadership experience from a global business environment. He will report to Rudolf Hadorn, Chief Executive Officer of Gurit.

Ernst Lutz is joining Gurit from Grundfos Holding A/S in Denmark, where he held the position of Group Executive Vice President of Business Development and Chief Technology Officer. Prior to this, he served in several international executive positions at Sulzer Ltd. Switzerland and at the Alcan Group. Ernst Lutz is a Swiss national and holds an Engineering Diploma from ETH Zürich where he graduated in Fluid Dynamics and Composite Mechanics. Moreover, he holds a Ph.D. from Virginia Polytechnic Institute and State University Department of Engineering Science and Mechanics as well as an MBA from the University of Zurich and University of New York at Albany.

"The appointment of Ernst Lutz puts someone with a multinational business background and a solid connection to our Industry in charge of our Wind Materials Business Unit, and it is with great pleasure we welcome him to our team." states Rudolf Hadorn, Chief Executive Officer of Gurit.

Forward-looking statements:

To the extent that this announcement contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time ofpublication of this announcement. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this announcement. Therefore, Gurit Holding AG does not assume any responsibility relating to forward-looking statements contained in this announcement.