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Announcement of insider information pursuant to Article 17 of the Regulation (EC) Nr. 596/2014

Monday, 21 December 2015

The Supervisory Board of KPS AG passed a unanimous resolution at its meeting today to appoint Mr. Leonardo Musso as a further Member of the Executive Board of KPS AG in addition to the existing sole Board Member, Dietmar Müller, with effect from 22 December 2015. Mr. Musso has been appointed initially for a period of office up until  midnight on 31 December 2018 and he has accepted the appointment. The Executive Board of KPS AG will therefore have two members in future.

“As an additional Member of the Executive Board, Mr. Musso contributes the ideal enablers for the future growth of the KPS Group – in particular in light of the continued positioning in international  markets,” commented Michael Tsifidaris, Chairman of the Supervisory Board of the KPS Group. “Furthermore, as a founder member and longstanding  General Representative of KPS AG he has comprehensive experience in the development and management of operating business. My colleagues and I have great respect for Mr. Musso and we are delighted to send through his appointment a clear signal of continuity for the success story of the KPS Group.”

After studying economics at the Universities of Florence, Constance and Barcelona, Leonardo Musso started his professional career at BMW AG. There he took responsibility for functions in the area of international product marketing and subsequently moved to IBM Consulting where he shared responsibility for several international project initiatives.  As one of the four founders of KPS Consulting, he was responsible for managing the operating business of the subsidiaries of KPS consulting, and acted as General Representative and Authorized Signatory (Prokurist) for KPS AG before his appointment as a Member of the Executive Board.

Unterföhring, 21 December 2015

The Supervisory Board


This news release contains forward-looking statements which are based on certain assumptions and estimates made by the company management of KPS AG. Even if the company management is of the opinion that these assumptions and estimates are appropriate, the actual future development and the actual future results may deviate substantially from these assumptions and estimates on account of a variety of different factors. These factors may include, for example, changes in the macroeconomic situation, exchange rates, interest rates, and changes in market development and changes in the competitive situation. KPS AG does not guarantee that the actual results achieved in future will be in accordance with the assumptions and estimates made in this interim statement and does not assume any liability in this respect.

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