17 May 2021 |

Mountain Alliance AG: Board re-sizing – Daniel Wild leaves management board to join supervisory board

Munich, 17. May 2021 – Daniel Wild, Chairman of the Management Board of Mountain Alliance AG (ISIN DE000A12UK08), will leave his position at the end of the annual general meeting on 30 June 2021 as part of the further optimisation of board sizes, and is to move up to a down-scaled Supervisory Board in the context of the upcoming elections.

Daniel Wild, who has been CEO of the company in its current form since 2010 explains: "Our company has evolved a lot since its beginning as an e-commerce company builder in 2010. That has become apparent above all in the positive developments and value crystallisations of the last 18 months, as demonstrated by the entry of renowned investors in our holdings and last year's IPO of Exasol AG. We have decided to reduce the size of the management board and the supervisory board to ensure that the company is burdened with lower overheads, which will benefit shareholders. As the third largest shareholder, I wish to remain connected to the company and continue to aid strategic decisions as part of the supervisory board. I will continue to be available as a direct contact for existing and future investors.
The development phase of our company is now completed. With Manfred Danner as sole director, I believe we are very well positioned for continued success."

Dr. Cornelius Boersch, Chairman of the Supervisory Board of Mountain Alliance AG and Chairman of the Board of Directors of the majority shareholder Mountain Partners AG adds the following: "On behalf of the entire supervisory board of Mountain Alliance AG, I would like to thank Daniel Wild for his highly valued contributions as CEO. Assuming the approval of the annual general meeting, I am very much looking forward to a good and intensive cooperation with Daniel on the supervisory board."

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