Ad hoc announcement pursuant to Art. 53 LR

Change to the General Management at Tornos Group

The Board of Directors of Tornos Group appointed Stéphane Pittet as the new Chief Financial Officer (CFO) and member of the General Management of Tornos Group, effective November 1, 2021. He will succeed Luc Widmer who will leave the Group to take up a new professional challenge.   

Stéphane Pittet (48), a Swiss citizen, holds a master’s degree in business administration from the University of Lausanne (Switzerland). He has broad experience in finance and controlling, strategy development, human resources, and information technology, which he acquired in a number of management positions at Swatch Group and Richemont.