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ALSO Holding AG, CH0024590272

ALSO Holding AG, CH0024590272

30.06.2020 - 06:49:01

EQS-Adhoc: Strengthening the organization from within

Emmen, Switzerland, 30. June 2020 MEDIA RELEASE  

Changes at ALSO:Strengthening the organization from withinAs part of the MORE strategy, ALSO Holding is strengthening the focused development of its business models (3S). To this end, the Supply, Solutions and Service business models will be staffed with experienced managers from within the company. Volkan Weissenberg, previously SVP Supply Services, will take over the ALSO web shop. The aim is to expand its portfolio both in terms of breadth and depth. Gustavo Möller-Hergt, CEO of ALSO Holding (SIX: ALSN): "His experience in vendor management as well as the precise knowledge of competitive products relevant to resellers are the best prerequisites for his new role". Michael Gericks, formerly SVP Consumptional Business, will be responsible for the vendor management as SVP. Driven by the cloud business, subscription models are becoming increasingly important in the traditional supply business, whether in the area of hybrid cloud architectures or Device-as-a-Service. With his background, Gericks will set new impulses in the supply business. Simone Blome-Schwitzki, former Spokeswoman of the Management Board of ALSO Germany, will in the future manage the Solutions business model at a European level. Gustavo Möller-Hergt: "Simone knows our ecosystem very well. She is as familiar with the vendors' portfolio as she is with the challenges and opportunities for our resellers. She is an esteemed partner for both sides and therefore ideally suited to successfully expand this business model on an international level with her expertise."

Jan Bogdanovich has been appointed SVP Consumptional Business. As a manager who played a key role in the development and programming of the ALSO Cloud Marketplace (ACMP), he will systematically enhance the ACMP's portfolio and further optimize the functionalities for resellers.

Tom Casaer, Managing Director of the ALSO IoT platform AllThingsTalk, will be responsible for the expansion and development of the IoT business at group level. "The fundamental interest in IoT is enormous. However, companies often find it difficult to identify practical use cases. Tom will be a valuable source of inspiration for them", Gustavo Möller-Hergt explains.

All changes will be implemented on 1 July 2020.

Direct link to media release: https://www2.also.com/press/20200630en.pdf

Contact person ALSO Holding AG: Beate Flamm Senior Vice President Communication Telefon: +49 151 61266047 E-Mail: beate.flamm@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of the ICT industry together. ALSO offer more than 660 vendors of hardware, software and IT-services access to over 110 000 buyers, who can call a broad spectrum of other customized services in the logistics, finance, and IT services sectors, as well as traditional distribution services. From the development of complex IT landscapes, the provision and maintenance of hardware and software, right through to the return, reconditioning and remarketing of IT hardware, ALSO offers all services as a one-stop shop. ALSO is represented in 23 European countries and generates total net sales of approximately 10.7 billion euros with around 4 000 employees in the fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at https://also.com

Droege Group Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. 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 its own equity in corporate spin-offs and medium-sized companies in «special situations». With the guiding principle «execution - following the rules of art», the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on current megatrends (knowledge, connectivity, prevention, demography, specialization, future work, shopping 4.0). Enthusiasm for quality, innovation and speed determines the company's actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. More information: https://droege-group.comDisclaimer 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.

Additional features:File: ALSO_30.6.2020End of ad hoc announcement

1081843  30-Jun-2020 CET/CEST

@ dgap.de