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Schustermann & Borenstein GmbH: David Haines appointed Chairman of the Advisory Board of Schustermann & Borenstein Group
DGAP-News: Schustermann & Borenstein GmbH / Key word(s): Change of Personnel David Haines appointed Chairman of the Advisory Board of Schustermann & Borenstein Group Munich, April 19, 2018 – Schustermann & Borenstein Group (S&B Group – bond issuer: PrestigeBidCo GmbH – ISIN: XS1533933039, XS1533933112), the leading off-price premium fashion retailer for members only, announced today that David Haines, former CEO of Grohe Group, is the new Chairman of the Advisory Board of the S&B Group as of April 11, 2018. Haines was appointed by the shareholder meeting and succeeds Dr. Jörg Rockenhäuser, who will continue as member of the Advisory Board alongside Dr. Dominique Friederich, Anat Fuchs-Borenstein, Cheryl Potter and Michala Rudorfer. David Haines, Chairman and Co-Founder of Grace Founders Sàrl and Non-Executive Director of Imperial Brands PLC, has broad experience in various industries such as water technology, telecommunications and food & beverage. He was Chairman and Chief Executive Officer of Grohe Group and subsequently Chief Executive Officer of Lixil Water Technology Group until March 2016. He joins the S&B Group with a strong track record in leading and transforming global players as well as comprehensive strategy deployment. In addition, he has proven capabilities in developing international businesses and streamlining of purpose-built organisations and processes. Dr. Jörg Rockenhäuser: “We are very pleased to welcome David as new independent member and Chairman of the Group’s Advisory Board. In him, we have gained a great personality who has demonstrated his strategic acumen in his many years as Chief Executive Officer of Grohe. His long-standing and diverse industry expertise as well as his strategic mind-set paired with a hands-on mentality make him an ideal addition to the Advisory Board. Together with the CEO Daniel Schustermann, the whole management team and all employees we will be able to push forward our national and international growth agenda.” David Haines commented: “I am very excited about my new role as Chairman of the Advisory Board of the Schustermann & Borenstein Group. With its unique members-only business model the company is ideally positioned to benefit from the strong growth potential of the highly attractive off-price fashion market. I look forward to the collaboration with Daniel and the whole S&B team to help shape the successful future of the Group.”
This press release may contain forward-looking statements based on current assumptions and forecasts made by S&B Group Management and other information currently available to S&B. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. S&B does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.
19.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |