Realignment at Gigaset: Technical excellence and start-up mentality

Munich, December 16, 2015 -  At its meeting on December 15, 2015, the Gigaset AG Supervisory Board appointed Mr. Klaus Weßing and Mr. Hans-Henning Doerr as members of the Executive Board of Gigaset AG with immediate effect. Mr. Weßing is the new CEO of Gigaset AG, Mr. Doerr takes over the position of CFO. At the same time Charles Fränkl and Kai Dorn were recalled as board members.

Mr. Weßing has worked for more than 30 years in the communications industry in various operational and strategic positions. His focus was always on new products and product solutions, customer-oriented processes and redesigning corporate structures. As COO, Mr. Weßing has spent the last months shaping the realignment of Gigaset.

Under his leadership, Gigaset stands today for technically excellent products with sustainable product quality, and for operationally lean and flexible value added processes with integrated international networking. The necessary planned adjustment to the cost structure will continue to be pursued systematically.

As CFO of a private equity group, Mr. Doerr has accompanied various start-ups in recent years in aligning their strategy and in their successful market launch. As the former CFO of a telecommunications company he has the necessary knowledge of the industry, and with his experience in managing the finance department of a listed corporation he stands for transparency and openness. He will accompany Gigaset on its path toward an open start-up mentality.

With Mr. Weßing, Gigaset stands for continuity and consistent technical excellence, and with Mr. Doerr for a clear strategic focus, transparency and team spirit. Gigaset will shape the future with Consumer and Home Product solutions, relying on its excellent and motivated employees, and drawing increasingly on the international expertise within the group.

The Supervisory Board has recalled Charles Fränkl and Kai Dorn as members of the Executive Board and thanks them for their commitment.

Gigaset AG, Munich, is an internationally operating company in the area of communications technology. The company is Europe's market leader in DECT telephones. The premium supplier is likewise the leader worldwide with around 1,250 employees and sales activities in around 70 countries. Under the name Gigaset pro, the company continues to develop and market innovative business telephony solutions for small and medium-sized enterprises. The company also operates in the smart home arena. Cutting-edge, cloud-based products and solutions for the smart home are developed and marketed under the name Gigaset elements. In addition, together with the Singapore-based Goldin Fund Pte. Ltd., the company runs Gigaset Mobile, which operates in the mobile phone, smartphone, and accessory segments.

Gigaset AG is listed in the Prime Standard of Deutsche Börse and is therefore subject to the highest transparency requirements. Its shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).

Press Contact:
Raphael Dörr
Press Spokesman Gigaset AG
Telefon: +49 (0)89 444 456 866

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