Changes on the Board of Directors of Comet Holding AG

The Board of Directors proposes Tosja Zywietz and Thilo von Selchow to the shareholders for election to the Board of Directors. Rolf Huber has opted not to stand for re-election at the Annual General Meeting on April 22, 2021.

The Board of Directors of Comet Holding AG has nominated two candidates, Tosja Zywietz and Thilo von Selchow, for election to the Board of Directors to succeed Rolf Huber who, after 13 years, no longer wishes to stand for re-election. With this step, the Board also aims to expand by one to become a six-member body. These nominations are the outcome of a thorough search process that is part of the Board of Directors' long-term succession planning.

Broad international experience and connectivity in the semiconductor and electronics markets

Tosja Zywietz, born in 1971, is COO and in charge of global business operations at the German company Sick AG, offering the world's leading sensor intelligence for secure, safe and efficient control of processes, since January 2020. Prior to that assignment he held various management positions at the global technology company Rosenberger Hochfrequenztechnik GmbH & Co. KG, which he ultimately led as CEO, and at Boston Consulting Group GmbH in Germany and Great Britain. Zywietz also gained valuable experienced from his own medical technology firm Biosigna GmbH which developed an algorithm-based system for evaluating vital signs in clinical trials, and was then successfully sold to Cardinal Health in the United States. Zywietz has extensive experience in technical and operational management.
The 49-year-old German citizen earned his doctoral degree in physical chemistry from the University of Göttingen, culminating his studies in theoretical physics with a doctoral degree at the Fritz Haber Institute of the Max Planck Society in Berlin.

Thilo von Selchow, born in 1962, led Zentrum Mikroelektronik Dresden AG (ZMD) for 17 years. As CEO and President from 1999 to 2016, he transformed the ailing formerly state-run business into a growing global firm focused on analog mixed-signal semiconductors and drove its expansion into Asia. Prior to that, he also served at Heikamp & Thumann Gruppe as CEO of their Battery Components Product Group, at Truelove & McLean Inc. in Connecticut in the United States, and as investment manager with Beteiligungsanstalt für den Mittelstand AG (BfM AG) in Munich.
Thilo von Selchow studied mechanical engineering and business administration at the University of Munich, completing his studies with the German Diplom-Kaufmann degree in business administration. He also studied at Harvard Summer School in Boston in the United States. The 59-year-old German citizen is currently managing director of Thilo von Selchow GmbH. As lead investor European Angel Fund, Thilo von Selchow is involved in numerous innovative tech startups, some of which he also supports in an advisory capacity. He is also a member of the Industry Advisory Board of the Fraunhofer Society Group for Microelektronics and serves as honorary Chairman of the Shareholders' Committee of Johanniter GmbH.

The Board of Directors expresses their sincere gratitude to Rolf Huber for serving on the Board of Directors of Comet Holding AG since 2008. Rolf Huber has long chaired the Compensation and Remuneration Committee. He has also served as Vice Chairman of the Board of Directors, and played a significant role in the last two years in helping to realign the company. The Board of Directors wishes Rolf Huber all the best in his future professional pursuits and private life.
Subject to his election, Thilo von Selchow will be proposed as new member of the Nomination and Compensation Committee.

'Comet is on the move,' states Heinz Kundert, Chairman of the Board of Directors of Comet Holding AG. 'With Tosja Zywietz and Thilo von Selchow, we're bringing aboard two distinguished powerhouses with decades of experience and impressive track records in the fields of semiconductors, electronics and sensor technology that are so important to Comet. Both of these candidates are extremely well networked in the industry. They bring ideal credentials to the table for continuing and expanding the successful course we've charted, and for utilizing the full potential that the digital transformation offers Comet.'  


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