May 12, 2020 - Tallinn

Press release: ALSO strengthens Group Management

General Counsel and Senior Vice President HR becomes member of the Group Management

For several years, the Executive Committee of ALSO Holding AG has been working very successfully in a matrix organisation consisting of the responsible managers of the 23 ALSO countries as well as the Senior Vice Presidents of the various specialist areas. During this time, the team has achieved excellent results, both in terms of regional expansion, strengthening of the market position and the development of the 3 business models Supply, Solutions and Service. This successful course requires reinforcements within the Group Management. As has already happened several times in the past, selected members of the Executive Committee are appointed for this purpose.

Current activities focus on dealing with the different legal systems in the newly added countries, mergers and acquisitions, service level agreements and the support of new business models such as It-as-a-Service. Effective immediately, the ALSO Group has therefore appointed its General Counsel and SVP Human Resources, Thomas Meyerhans, as a member of the Group Management. Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN): «Through his work in the Executive Committee, Thomas Meyerhans has qualified for this position over the past years. With his expertise, he will make an important contribution to the further development of the company from both a regional and technological perspective. »

After studying law in Heidelberg, Lausanne and Mainz, Meyerhans pursued his professional career in three international commercial law firms before joining ALSO. The future focus of the lawyer's work, in addition to heading the Group Legal Department, will be to support the Board of Directors in close cooperation with a Swiss law firm. In addition, he will continue to head the Center of Competence for HR and drive forward the digitization of the legal and HR departments.

Direct link to media release: https://www2.also.com/press/20200512de.pdf