Personnel changes in the Advisory Board of the Tengelmann GroupPrint

· Chairman of the Advisory Board Thomas Kramer is leaving after more than ten years’ service · Franz Markus Haniel joins the Advisory Board

Mülheim, 11.12.2018 – The turn of the year sees personnel changes in the Advisory Board of the Tengelmann Group. The chairman, Thomas Kramer (57), will leave the board at the end of the year after more than ten years. Franz Markus Haniel (63), Chairman of the Supervisory Board of Franz Haniel & Cie. GmbH, will join the Advisory Board on 1 January 2019.

The lawyer Thomas Kramer, name partner in the law firm EBL, Esch & Kramer Rechtsanwälte, has been associated with the Tengelmann Group for almost 20 years. Initially working in an advisory capacity, he has been a member of the Advisory Board since 2007 and has been its chairman since 2012. "In all his years of service, Thomas Kramer has supported us by providing advice that was both critical and constructive," acknowledges Christian Haub, CEO of the Tengelmann Group. He has accompanied the family and the company in equal measure through times of change. With his experience in working with successful family businesses, he has contributed significantly to the positive development of our Group. The family and especially the shareholders are very grateful to him for that," continues Christian Haub.In Franz Markus Haniel, the representative of one of the most important German entrepreneurial families is joining the Advisory Board of the Tengelmann Group.

"The family and I have known Franz Haniel for many years. We are impressed by his entrepreneurial vision, his experience and expertise in our industry as well as his international orientation. He enjoys the appreciation and trust of all the shareholder groups and will therefore complement and strengthen our Advisory Board excellently ", Christian Haub assures.

The Advisory Board also comprises Messrs. Alfons Frenk, Dr. Christoph von Grolman and Georg Haub.

About the Tengelmann Group:

The Tengelmann Group is an international retail company whose retail subsidiaries include OBI, KiK, TEDi and babymarkt.de. Also part of the group are the real estate company Trei Real Estate as well as the holding companies Emil Capital Partners in the USA and Tengelmann Ventures in Germany, which have been investing in start-ups for several years. Tengelmann, a five-generation owner-managed group of companies, was founded in 1867 and today operates in 22 European countries. In the 2017 financial year, it generated consolidated net sales of 7.5 billion euros. The company has been contributing to nature and environmental protection for almost 50 years.                                                                                                         

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