ALSO is driving forward transformation

Emmen, Switzerland, February 21, 2018

- ALSO establishes Transformations-Executive-Team (TET)
- Change to Group Management

In order to actively drive forward its transformation into an end-to-end solutions provider, ALSO established an interdisciplinary transformation executive team (TET). The 12-member TET, which consists of digital natives and experienced employees between the ages of 31 and 55, is to play an active role in shaping the company's digitalization, optimizing business structures, and developing new business models. The team is managed by the Steering Committee of the Group Management. "Our transformation requires a significant rethinking in all areas of the organization. The TET will actively shape this change with disruptive ideas and far-reaching measures. I am convinced that this will enable us to further secure and expand our strong market position," explained Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN).

Starting on March 1, 2018, there will be a change to the Group Management. In future, it will consist exclusively of CEO Gustavo Möller-Hergt and CFO Ralf Retzko. All countries will report directly to the CEO. "Our country managers are excellent and I enjoy working closely with them," said Gustavo Möller-Hergt. Ole Eklund, Corporate Vice President for Northern/Eastern Europe, is leaving the company for personal reasons as of the end of February 2018. "We would like to thank Ole Eklund for his extraordinary commitment over the past ten years. We wish him all the best for his future career," Gustavo Möller-Hergt added.

Direct link to the press release: https://also.com/goto/20180221en

Contact person:
Brunswick Group GmbH
Simon Hertwig
Phone:  +49 89 80 99 025 25
E-mail:  [email protected]

ALSO Holding AG (Emmen/Switzerland) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 250 000 articles from some 525 vendors. The Group has 4 058 employees throughout Europe. In fiscal year 2017 (closing on December 31), the company generated net sales of 8.9 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at http://www.also.com

Droege Group
(Major shareholder)
Droege Group (founded in 1988) is an independent advisory and investment company entirely family-owned. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity business model. The group carries out direct investments with own equity in corporate subsidiaries and medium-sized companies in "special situations". With the guiding principle "Implementation - following all the rules of art," the group is a pioneer of implementation-oriented corporate development. Droege Group proves its implementation excellence daily within its own portfolio. The entrepreneurial platforms of the Droege Group are aligned to current megatrends (knowledge, connectivity, prevention, demography, shopping 4.0, future work). Enthusiasm for quality, innovation and speed determines the company's development. As a result the Droege Group has successfully positioned itself within the market, both nationally and internationally and operates in 30 countries. More information: https://www.droege-group.com

Disclaimer
This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.