Peter Schönhofer Appointed New CFO of Exyte AG

Stuttgart, 28 August 2020. The Supervisory Board of Exyte AG has appointed Peter Schönhofer as new CFO effective today. Mr. Schönhofer is succeeding Margaret Lassarat who had requested the Supervisory Board to relieve her of her responsibilities for private reasons due to the Covid-19 pandemic in the USA. The Supervisory Board responded to this request with approval.

Peter Schönhofer has a degree in Business Administration from the University of Economics in Vienna and previously held positions at Unilever, Siemens in Austria and Nokia Siemens Networks where he acted as CFO, as well as MAGNA before assuming the position of Managing Director of M+W Group GmbH, the parent company of Exyte AG, in 2018.

Georg Stumpf, Chairman of the Supervisory Board of Exyte AG, said: "With Peter Schönhofer, a highly respected and strong leader is taking over the finance division. Exyte AG has been developing extremely positively over the last few years with order intake, EBIT, and order backlog increasing steadily. Despite the Covid-19 pandemic, Exyte AG has been able to grow notably. Mr. Schönhofer will contribute greatly to the continued success of the company."

About Exyte
Exyte is a global leader in the design, engineering and delivery of facilities for high-tech industries. With a history of more than 100 years, the company has developed a unique expertise in controlled and regulated environments. Exyte has a truly global footprint, serving the most technically demanding clients in markets such as semiconductors, batteries, pharmaceuticals, biotechnology, and data centers. The company offers a full range of services from consulting to the managing of turnkey solutions – delivered to the highest quality and safety standards. Solving the most complex challenges, Exyte forges trusted, long-lasting relationships with its clients. In 2019, Exyte generated sales of EUR 3.9 billion with around 5,200 highly experienced and motivated employees. The company is ideally positioned to further strengthen its market leadership with its broad industry insight and its exceptional talents.

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Adriana Williams
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Phone: +49 711 8804-1489