Bechtle AG: Contract with Dr Thomas Olemotz extended early

• CEO Dr Thomas Olemotz extends contract to 31/12/2026
• Further continuity in Bechtle AG’s executive leadership

Neckarsulm, 11 February 2021 – The Supervisory Board of Bechtle AG has extended the contract of CEO Dr Thomas Olemotz early. The extension is for an additional five years and runs until 31/12/2026. The current contract will run until the end of December 2021. It is the third time his contract has been extended early during his tenure as CEO.

The 58-year-old has been on the three-member Bechtle AG Executive Board since 2007, taking the reins in 2009. In this period, revenues at the IT company have more than quadrupled and Bechtle AG’s market value has grown more than 12-fold. “With Dr Olemotz at the helm, Bechtle AG has seen exceptional development. The contract extension only underlines the high levels of stability and continuity that set Bechtle apart and also sends a strong signal of reliability in challenging times”, says Klaus Winkler, Chairman of the Supervisory Board, Bechtle AG.

“I’m incredibly grateful for the trust the Supervisory Board have placed in me and I’m looking forward to continuing to work together with Michael Guschlbauer and Jürgen Schäfer to help shape the future of Bechtle”, says Dr Thomas Olemotz. “I’ve spent most of my working life at Bechtle, not once doubting my choice and with never a dull moment. I’m so proud of the amazing commitment of the entire Bechtle team over the past year and I’m looking forward to a thrilling, eventful and successful future at this extraordinary company.”

Dr Thomas Olemotz:

As CEO of Bechtle AG, Dr Thomas Olemotz is responsible for the departments of Finance, Controlling & Risk Management, Human Resources & People Development, IT, Corporate Communications and Investor Relations, Mergers & Acquisitions, Legal & Compliance, as well as Logistics & Service. Born in 1962 in the German state of Hesse, he is married and the father of two adult children. After completing his studies in business administration, he began his career as a research associate at the University of Gießen. Following his doctorate degree, he became the assistant to the Board of Directors of Westdeutsche Landesbank before serving as head of Mergers & Acquisitions at Deutsche Gesellschaft für Mittelstandsberatung, a consultancy company for medium-sized companies and subsidiary of Deutsche Bank. He then moved to Delton AG as the head of Corporate Development before joining group-company Microlog Logistics AG as CFO. In March 2007, he became Bechtle AG’s Chief Financial Officer before becoming Spokesman of the Executive Board in January 2009 and CEO in June 2010.