FRIWO AG expands Executive Board

▪ Dr Walter Demmelhuber joins the Executive Board team as of 1 October 2023
▪ His responsibilities include sales for the core business as well as operations (excl. India)
▪ Appointment underscores FRIWO’s global growth ambitions as a leading e-mobility solution provider

Ostbevern, 4 October 2023 – The Supervisory Board of FRIWO AG – an international manufacturer of technically leading chargers and e-drive solutions – has appointed Dr Walter Demmelhuber as a further member of the company’s Executive Board with effect from 1 October 2023. His responsibilities include sales for the core business as well as operations (excluding India). He thus complements the existing Executive Board team with CEO Rolf Schwirz, who will increasingly focus on the rapidly growing e-drives business, R&D and Human Resources. In addition, Tobias Tunsch will continue to be responsible as Chief Financial Officer for Finance, Controlling, Accounting, Taxes, Purchasing, IT, Investor Relations and Sustainability.

“We are pleased to have gained Dr Demmelhuber, an internationally experienced industry expert, for the Executive Board of FRIWO AG. Together with his two colleagues on the Executive Board, he will drive forward the company’s successful development into a leading global provider of e-mobility solutions and lead FRIWO on its targeted path of profitable growth”, comments Richard Ramsauer, Chairman of the Supervisory Board of FRIWO AG, on the appointment.

Professional milestones Dr Walter Demmelhuber
Dr Walter Demmelhuber (53) is a trained industrial mechanic, specialised in sales & export during his studies, has been a guest lecturer for business informatics at the university of Erlangen-Nürnberg (FAU) for 12 years and has more than 25 years of management experience in international industrial companies. At the beginning of his career, among other things, he held management positions at Siemens and EADS Airbus for several years with a focus on new business development & strategy. Afterwards, between 2009 and 2016, as Managing Director, he was jointly responsible for the international expansion of the Semikron Group, a family-owned company specialising in components of power electronics. Between 2017 and 2019, as a board member of the Pfisterer Holding, he was involved in the expansion of the company during challenging times before becoming sole director of the Jäger Group in 2019. At the C-parts and tool wholesaler, in addition to the shareholder transition in the family business, he led the modernization of the business model and international expansion as well as projects to improve profitability and modernise IT structures.

Further information on the company can be found at www.friwo.com

Contact investor relations and media

FRIWO AG
Ina Klassen
+49 (0) 2532 81 869
ir@friwo.com

Peter Dietz
+49 (0 )69 97 12 47 33
dietz@gfd-finanzkommunikation.d