Mutares AG announced a change in the Supervisory Board. Dr. Ulrich Hauck will join the Management Board of the Prime Standard listed STS Group AG (ISIN: DE000A1TNU68), a majority holding of Mutares AG, on April 1, 2019, and will resign from the Supervisory Board of Mutares AG on March 31, 2019. As CFO, he will be responsible for Finance and Controlling and, together with CEO Andreas Becker and COO Patrick Oschust, will drive the worldwide expansion of STS Group AG as well as further increase profitability.

Stephan Vrublovsky, the current member of the Management Board, had asked the Supervisory Board of STS Group AG not to extend his regularly expiring contract, for personal reasons at his own request and by mutual agreement. He is resigning from the Management Board of STS Group AG as of March 31, 2019. Ulrich Hauck will actively help to shape STS Group's development both operationally and on the capital market.

After corporate posts at Rheinmetall AG and Bayer AG (Head of Global Accounting and Controlling), he took responsibility for the Finance department as an Executive Board member at Schaeffler Group, one of Germany's leading automotive suppliers, in April 2015. Dr. Hauck has belonged to the Supervisory Board of STS Group AG's majority shareholder, Mutares AG, since 2008 and will resign his Supervisory Board post as of March 31, 2019.