Endor AG announced a change in the Management Board. As of November 1, 2023, the Supervisory Board appoints Matthias Kosch (born 1978) to the Management Board of Endor AG. Andras Semsey, who has been a member of the Management Board since 2004, will not renew his contract, which expires on December 31, 2023.

Kosch had been working for Blue Cap AG, a medium-sized listed industrial holding company, since 2008. There he initially worked as an investment manager and later as CFO. In addition to the acquisition and financing of new investments, he improved structures, processes and reporting within the respective operating subsidiaries and led commercial digitalization projects.

During his tenure as CFO, the Blue Cap group?s revenues more than quadrupled. Before moving into investment management, Kosch completed a degree in business administration at Munich University of Applied Sciences. As CFO, Matthias Kosch will have sole responsibility for the finance department at Endor AG as of January 1, 2024, as well as joint responsibility for the capital market with CEO Thomas Jackermeier.

Until this date, the Management Board will operate as a five-member board for a transitional period.