Changes in Executive Board of CropEnergies AG

In addition, his appointment to the Executive Board, which is currently due to expire on 30 September 2024, by five years until 29 September 2029 will be extended. Von Graevenitz was previously acting as Chief Sales Officer (CSO) of CropEnergies AG.

Furthermore, Heike Baumbach will be appointed to the Executive Board also as of 1 March 2024 for a period of three years until 28 February 2027. She will assume the position of Chief Financial Officer (CFO). The current Chief Technical Officer (CTO) of CropEnergies AG, Jürgen Böttcher, will continue to be part of the Executive Board and will, in the future, hold the position of Chief Operating Officer (COO).

Dr Thomas Kirchberg, Chairman of the Supervisory Board of CropEnergies AG: “The Supervisory Board has filled both positions on the Executive Board following an extensive selection process. With Fritz Georg von Graevenitz, an experienced Executive Board member is taking over the position of CEO and will successfully continue the transformation process that has already begun, in particular the implementation of the "Innovation from Biomass" strategy. In addition to her professional expertise, Heike Baumbach has particularly impressed us with her skills as a team player. We are delighted to have recruited candidates from our own ranks who have known the company very well for many years to fill the positions. We are very much looking forward to a trusting collaboration."

The previous Speaker of the Executive Board of CropEnergies AG, Dr Stephan Meeder, will leave the Executive Board of CropEnergies at the end of 29 February 2024 and, as announced in December 2023, will focus on his new role as a member of the Executive Board of Südzucker AG.