DGAP-News: Silvia Ostermann becomes COO of Vectron Systems AG

In order to drive forward the expansion and internationalization of the new digital business areas, Vectron Systems AG is strengthening the Executive Management Board with a third mandate. The Supervisory Board of Vectron Systems AG has appointed Silvia Ostermann as Chief Operating Officer with effect from 1 August 2018. This appointment adds a mandate to Oliver Kaltner (CEO) and Jens Reckendorf (CTO).

Silvia Ostermann (52) has many years of management and operations experience in the consumer electronics and engineering industries, both nationally and internationally. She is characterized by a profound and diverse expertise in the strategic-operative realignment of companies, the development of competitive organizational and process structures as well as the design of business and structure management. As COO she is responsible for Operations, Production, Quality Management, Purchase, Sales Steering, Legal & Compliance and Facility Management.

"We are pleased to have gained Silvia Ostermann as an experienced manager with great expertise in operational excellence, who can provide profound support to Vectron Systems AG in its growth and digitization strategy. Ms. Ostermann has a lot of experience in managing and organizing international operating companies, which makes her an ideal manager for Vectron Systems AG. With this appointment, we have also geared the entire board forward-looking, "explains Christian Ehlers, Chairman of the Supervisory Board.

"With Silvia Ostermann, Vectron wins a recognized leader with entrepreneurial vision and the ability to operate with quality and executional excellence. Her experience from companies operating worldwide will profoundly enrich the business processes of Vectron. The orientation of the company to become a leader in the digital transformation of the hospitality industry is greatly enhanced by this occupation, both internally and externally, "explains Oliver Kaltner, CEO of Vectron Systems AG.

Silvia Ostermann: "Vectron Systems AG is on the way to becoming a full-size system solution provider in the field of digital cash register systems. This strategic reorientation with enormous growth opportunities for the company requires a solid basis for the operative business. Processes must be optimally coordinated and everyday business must function smoothly. I look forward to working with a strong team to establish this foundation for the upcoming challenges of digital transformation and to follow the path of growth characterized by a spirit of optimism. I would like to thank the Supervisory Board and the Executive Management Board for their expressed trust and their unlimited support."
Contact:
Oliver Kaltner
Vectron Systems AG
Willy-Brandt-Weg 41
48155 Münster, Germany
phone +49 (0)251 28560
fax +49 (0)251 2856-564
www.vectron.de
ir@vectron.de