Stoelzle Glass Group New CEO at Stoelzle Glass Group 27.09.2023 Stoelzle Glass Group appoints new CEO, Dr. August Grupp Dr. August Grupp has been an integral part of Stoelzle’s leadership since 2019, serving as the Head of company’s largest Business Unit Spirits. Georg Feith will transition, after a successful five-year tenure as CEO, to a new leadership role within CAG Holding, of which Stoelzle is a part. Stoelzle Glass Group is pleased to announce a significant leadership transition. Stoelzle is embracing a generational shift as Mr. Georg Feith passes the role of CEO to Dr. August Grupp. Mr. Grupp's appointment signifies the owner-family's next generation assuming leadership. Dr. August Grupp comes well prepared to his new role, having held several key leadership positions within the group since 2019. In his last position, he served as the Head of the Business Unit Spirits, driving substantial growth in the company's largest Business Unit. Additionally, he took on the position of Managing Director for a newly acquired production facility in the USA, where he oversaw sales and production operations. Mr. Grupp holds a Master of Science in Mechanical Engineering from ETH Zurich, an MBA from INSEAD in Singapore and France, and a PhD from the Sophia University in Tokyo. Stoelzle Glass Group has experienced remarkable growth over the past years, with a doubling of the company's revenue. A decarbonisation strategy has been implemented that serves as the cornerstone for future growth. Building on the work of Georg Feith, Dr. August Grupp aims to drive further global growth, resource efficiency, and digital innovation. Reflecting on his new role, Dr. August Grupp stated: I am proud to be entrusted as CEO of Stoelzle Glass Group. I am fully committed to upholding my responsibilities in ensuring the company's continuous growth while preserving our family values. Dr. Cornelius Grupp, COB and the owner of Stoelzle Glass Group, expressed his excitement of the beginning of a new chapter, stating: I am very happy that my son is stepping into the new role of CEO. I trust his abilities to lead and manage the company for the good and the long term. Stoelzle Glass Group looks forward to a promising future under the leadership of Dr. August Grupp. The company is dedicated to providing top-tier glass packaging solutions and maintaining its position as a global leader in the industry.