Effective December 1, 2018, the Supervisory Board of the Voltabox AG appointed Mr. Jorg Dorbandt as Chief Operating Officer (COO) of the Management Board. Mr. Dorbandt will be responsible in particular for setting up and managing worldwide production and all operational processes. The finance department, which has been strengthened in several management functions since the company's IPO, will in future be the responsibility of Mr. Dorbandt.

Andres Klasing (CFO) is leaving the company with immediate effect. His departure will take place in agreement with the Supervisory Board of Voltabox AG. Mr. Klasing wants to pursue new professional challenges.

Being Chief Financial Officer since 2017, he has played a key role in building up the structures of Voltabox as a listed company. In the opinion of the Supervisory Board, Mr. Dorbandt's extensive international experience and knowledge in the areas of IT, logistics and project management in the construction of new production facilities make him particularly qualified for the position as Chief Operating Officer on the Management Board. Mr. Dorbandt has 27 years of experience in the automotive supply industry.

Most recently, he was Managing Director of Erich Jaeger GmbH + Co KG, a manufacturer of electrical connectors, with responsibility for the Operations and Finance departments.