Wolford extends Management Board Mandate of CEO Ashish Sensarma

Vienna/Bregenz, December 15, 2015. The Supervisory Board of Wolford AG, which is publicly listed on the Vienna Stock Exchange, has reached an Agreement with Ashish Sensarma to extend his existing Management Board mandate as CEO of Wolford AG until April 30, 2018. “The new Management Board team has already taken important steps and substantially strengthened the successful positioning of Wolford on the marketplace,” says Dr. Antonella Mei-Pochtler, Chairwoman of the Supervisory Board of Wolford AG. Together with Axel Dreher (COO/CFO), the Management Board now boasts stability over time in order to resolutely implement the core measures of the company’s strategic refocusing in the upcoming months. This will serve as the basis to ensure the sustainably profitable growth of the Wolford Group.

 

Contact:

Maresa Hoffmann

Investor Relations & Corporate Communications

Tel.: +43 5574 690 1258

investor@wolford.com | company.wolford.com

About Wolford Aktiengesellschaft

Wolford AG, which is headquarters in Bregenz on Lake Constance (Austria) has 16 subsidiaries and markets its products in more than 60 countries through 270 Monobrand points of sale (company-owned and partner-operated), approx. 3,000 distribution partners and online. The company, which has been listed on the Vienna Stock Exchange since 1995, generated revenues of € 157.4 million in the 2014/15 financial year (May 1, 2014 – April 30, 2015) with roughly 1,570 employees. Since its founding in 1950, Wolford has grown to become the leading global brand for luxurious legwear, exclusive lingerie and high-quality bodywear.