Dec 14, 2023 - Tallinn

Press release: ALSO drives reorganisation of Group Management Board

As part of the futureproofing of its management board, the technology provider is today announcing the resignation of Beate Flamm, SVP Sustainable Change, after the next Annual General Meeting. Under her leadership, the coordination of Investor Relations was established within the company and the commitment to environmental, social and governance topics, as an increasingly important part of capital market communication, was further expanded. ALSO is now one of the leading companies in the IT industry in terms of sustainability reporting.

In future, both IR and ESG will be part of the Finance division. Marketing, for which Flamm was also responsible, continues to be managed as an independent Centre of Competence and will be staffed internally.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN), comments: “It has been a privilege to shape the growth and transformation of the company over the past twelve years. Mrs. Flamm has made a valuable contribution to this. The generational change, which we are implementing in line with a strategic plan, is aimed at securing ALSO's future viability. With an excellently trained and experienced team, the company is ideally positioned to continue to grow profitably in the coming years.”