Bregenz, 13 July 2022 – The member of the management board Andrew Thorndike and the supervisory board today mutually agreed to terminate Andrew Thorndike’s board mandate effective 31 July 2022.

The supervisory board expressively thanks Andrew Thorndike for his commitment to the company. Andrew Thorndike has been Chief Operating Officer (COO) of Wolford AG since 1 October 2019. He drove and largely completed the restructuring of the company. In 2021, the company achieved the best EBITDA in 10 years.

The supervisory board has initiated the process of appointing a new member of the management board. Until his appointment, management board member Silvia Azzali will manage the business as sole director.