Supervisory Board of Mutares extends CEO Robin Laik’s Management Board contract prematurely by a further five years

Munich, September 27, 2024 – The Supervisory Board of Mutares Management SE, the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”), today extended the contract with the Chief Executive Officer (CEO) and founder of Mutares SE & Co. KGaA for a further five years until December 31, 2029. Robin Laik founded the company in 2008 and, together with his family, is the largest single shareholder of Mutares with a shareholding of over 25%.

At the same time, Robin Laik has announced his intention to further increase his shareholding together with his family.

Robin Laik comments on the extension of the Management Board as follows: “When we founded Mutares in 2008, we were a blank slate. Today, the company has grown to a turnover of over EUR 5 billion and last year generated a net profit of over EUR 100 million in the Holding. We have raised our dividend target from a basic dividend of EUR 1.00 per share to a minimum dividend of EUR 2.00 per share this year. We are represented in eleven European countries, China, India and the USA. My colleagues on the Executive Board and I are firmly convinced of the Group’s continued growth and the guidance for 2024.”

Volker Rofalski, Chairman of the Supervisory Board of Mutares SE & Co KGaA, comments: “Robin Laik and his team have successfully advanced Mutares with unparalleled commitment. It is only logical that the Supervisory Board has extended the contract of CEO Robin Laik for a further five years until December 2029. On behalf of the entire Supervisory Board, I wish him and his team all the best for the future and the tasks ahead.”