EQS-Ad-hoc: Wolford AG / Key word(s): Personnel
Wolford AG: Silvia Azzali resigns from the Executive Board – Regis Rimbert
takes over the role of Chairman of the Executive Board and CEO
13-Jun-2024 / 14:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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June 13, 2024
The Chairwoman of the Management Board Silvia Azzali and the Supervisory
Board of Wolford AG have agreed on a mutually agreed termination of her
Management Board mandate as of June 14, 2024.
The Supervisory Board would like to thank Ms. Azzali for her commitment to
the company. Ms. Azzali has been a member of the Executive Board since
November 2019, first as Chief Commercial Officer and then as Chief
Executive Officer. During her tenure, she successfully developed and
implemented a new brand and product strategy for Wolford, continuously
increased revenues, reversed the EBITDA loss of 2022 and achieved the
first positive unadjusted EBITDA since 2016.
The Supervisory Board has decided to appoint Regis Rimbert, recently
appointed Chief Transformation Officer on the Executive Board of Wolford
AG, as CEO for a period of three years to replace Ms. Azzali. Mr. Rimbert
brings extensive experience in the fashion industry: In addition to his
in-depth experience in retail at renowned fashion companies such as Prada
and Christian Dior, he also knows Wolford and the Lanvin Group very well.
He held management positions in both companies and supported Wolford with
his own company Uptify, founded in 2018, in the area of retail management
for Northern Europe.
End of Inside Information
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13-Jun-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Wolford AG
Wolfordstrasse 1
6900 Bregenz
Austria
Phone: +43/5574/6900
E-mail: investor@wolford.com
Internet: www.wolford.com
ISIN: AT0000834007
WKN: 83400
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 1924737
End of Announcement EQS News Service
1924737 13-Jun-2024 CET/CEST