Ad hoc announcement pursuant to Art. 53 LR

Moutier, 15/06/2020

Change to General Management at Tornos

Bruno Edelmann, CFO of Tornos since 2015, has decided to leave the Group. On September 1, 2020, he will hand over his office to Luc Widmer, currently the Head of Global Supply Chain Management.

Luc Widmer already had the position of Tornos Group CFO from 2012 to 2015. Over the past five years, he has successfully driven forward the outsourcing process, building up a global supply chain and reorganizing production at the Moutier site. As of September 1, 2020, the Tornos Group’s General Management team will consist of three persons: Michael Hauser, CEO; Bruno Allemand, Head of Sales & Marketing; and Luc Widmer, CFO.