Dr. Christian Friege leaves CEWE

Oldenburg, 19 December 2022. The Board of Trustees of the Neumüller CEWE COLOR Stiftung, the general partner of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901), reports:

Dr. Christian Friege, Chairman of the Board of Management of the Neumüller CEWE COLOR Stiftung, is leaving the company at the end of the year at his own request and in agreement with the Board of Trustees of the Neumüller CEWE COLOR Stiftung, CEWE Stiftung & Co. KGaA and the beneficiary Mr. Alexander Neumüller. Dr. Friege will be taking on a new professional challenge. He will not, as originally planned, be appointed to the Board of Management by the beneficiary Mr. Alexander Neumüller.

Dr. Friege has been a member of the Executive Board since January 1, 2016 and has been its Chairman since July 1, 2017. During this time, important acquisitions were made with WhiteWall and Cheerz, among others, and fundamental innovations, such as the use of artificial intelligence, were introduced. Turnover and earnings increased significantly, and the company's dividend grew steadily each year. For 2022, the company most recently confirmed a positive outlook when it presented its Q3 figures.

"I have enjoyed leading the company with great commitment over the years. I would like to thank all my colleagues at CEWE for the outstandingly good cooperation over the past years," says Dr. Friege.

"We thank Dr. Christian Friege for his commitment and the work he has done. CEWE has developed very solidly under his leadership. We wish Dr. Friege all the best for his future career," says Dr. Rolf Hollander, Chairman of the Board of Trustees.

Ms. Yvonne Rostock will take over as Chairman of the Board of Management of the Neumüller CEWE COLOR Stiftung and thus of the CEWE Group on March 1, 2023. During the two-month transition period, the members of the Board of Management will jointly manage the company.
 

Should you have any queries, please contact:
Dr. Christian Wilbers (PR)     Axel Weber (Investor Relations)
Tel.: 0441 / 404 - 3850         Tel.: 0441 / 404 - 2288

Email: presse@cewe.de        Email: IR@cewe.de

Internet:  cewe.de , pixum.de , deindesign.de , whitewall.com , cheerz.com ,   

saxoprint.de, viaprinto.de , laser-line.de

The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE POSTCARD and other photo apps, and the CEWE Investor Relations app for iPad© or android tablets, with annual reports and quarterly reports, presentations and sustainability reports.

You are welcome to join us at one of these investment conferences or to follow up on our pending publications:

Financial schedule

(insofar as already scheduled)

09.01.2023 ODDO BHF Forum 2023

18.01.2023 GCC 2021 – UniCredit/Kepler Cheuvreux Conference

30.03.2023 CEWE 2023 Annual Report and Analysts' Press Conference

30.03.2023  Publication of the 2022 Annual Report

About CEWE:

The CEWE Group is Europe's leading photo service and online printing supplier.

From its beginnings in 1912, CEWE has progressed to become the leading photo service company for all those wanting to make more of their photos. This is mainly due to the much-awarded CEWE PHOTOBOOK, with more than six million books being sold each year. Customers can purchase other personalised photo products under the brand names of CEWE, WhiteWall and Cheerz – and from many leading retailers in Europe. They are inspired to produce a variety of creative designs from their personal photos in these brand environments, entrusting the company with more than 2 billion photos every year.

The CEWE Group has also set up a highly efficient production system for advertising prints and business prints for the online printing market, which is still a new market. Every year billions of high-quality printed products are delivered reliably to their purchasers through the SAXOPRINT, LASERLINE and viaprinto sales platforms.

The CEWE Group, through the founder family of Neumüller as an anchor shareholder, focuses on sustainable corporate management and has already received many awards for this effort:  economically sustainable in the long term; cooperative and fair in dealings with customers, employees and suppliers; socially responsible and protective of the environment and resources. An example of this is the climate-neutral process used to produce all the CEWE brand-name products.

The CEWE Group has a staff of 4,000 employees and operates in 21 countries. CEWE is listed on the SDAX. More information is available at company.cewe.de.