HOCHDORF Holding Ltd: Peter Pfeilschifter to leave HOCHDORF Swiss Nutrition Ltd - Ralph Siegl appointed CEO

Press Release on behalf of HOCHDORF Holding Ltd

Hochdorf (pta006/21.01.2022/07:00 UTC+1)

Peter Pfeilschifter, CEO and Managing Director Food Solutions, has decided to leave the company. As Delegate of the Board of Directors, Ralph Siegl will take over the CEO function.

Peter Pfeilschifter has decided to leave the HOCHDORF Group to take on new professional challenges. Peter Pfeilschifter started as Managing Director Food Solutions in 2018 and took over as CEO of HOCHDORF Swiss Nutrition Ltd one year later. He was also Managing Director Baby Care since 2020. Before joining HOCHDORF, the trained economist and organizational scientist headed Uckermärker Milch GmbH in Prenzlau, Germany.

Delegate of the Board of Directors, Ralph Siegl will take over as Chief Executive Officer with immediate effect. He has been a member of the Board of Directors since 2020 and is Chairman of the Market and Strategy Committee and a member of the Compensation Committee. Ralph Siegl is an independent management consultant and partner of Experts for Leaders AG in Zurich. His previous positions include CEO of Confiseur Läderach AG and Managing Director of the Läderach Group from 2006 to 2018. Prior to that, he held various management positions at Nestlé in Switzerland and Australia for ten years, most recently as Vice President Export with responsibility for the Milk Powder, Baby Care and Chocolate segments, among others. He thus has a wealth of experience in the international food sector and is familiar with complex management tasks.

The Board of Directors intends to use the change in management as an opportunity to drive forward the strategic development of the company into the technologically leading Swiss supplier of high-quality baby food and functional nutritional specialties even more consistently. As announced, this includes concentrating production at the Sulgen site and developing Sulgen into a competence center for "Smart Nutrition".

The Board of Directors would like to express its thanks and appreciation to Peter Pfeilschifter for his great commitment to the further development and initiation of the strategic realignment of the HOCHDORF Group and wishes him all the best for his future career.

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Emitter:	HOCHDORF Holding Ltd Siedereistrasse 9 6281 Hochdorf Switzerland
Contact Person:	Dr Christoph Hug
Phone:	+41 41 914 65 62
E-Mail:	christoph.hug@hochdorf.com
Website:	www.hochdorf.com/
ISIN(s):	CH0024666528 (Share)
Stock Exchange(s):	SIX Swiss Exchange