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Comet Group: Personnel Change in the Executive Committee Mittwoch, 18. November 2020 - 06:30

Media Release

Flamatt, Switzerland - November 18, 2020

Personnel Change in the Executive Committee

For deeply personal and private reasons, Dr. Thomas Wenzel has decided to step down from his position as President X-Ray Systems and as a member of the Executive Committee, and plans to leave the company early next year.

The Board of Directors and Management team respect his personal request to leave Comet. Thomas Wenzel started with Comet Group in 2015. In 2018 he took over the management of the systems business as President X-Ray Systems. Thanks to his excellent market understanding, his great technical competence and his optimistic personality, Thomas Wenzel and his team have successfully repositioned the X-ray Systems business to be a contributing entity within Comet even in light of the unprecedented COVID-related softness in some end markets. The Board of Directors and Management thank him for the enormous commitment that this task has demanded of him and wish to thank him for his valuable contribution over the last 5 years. They wish him all the best for his professional and private future.

Thomas Wenzel will continue to perform his duties until the end of April 2021 to ensure a careful handover of responsibilities to his successor.

Contact

Media

Ines Najorka

VP Group Communications

T +41 79 573 45 94

ines.najorka@comet.ch

Investors / Analysts

Ulrich Steiner

VP Investor Relations & Communication

T +41 31 744 99 95

ulrich.steiner@comet.ch

Key dates

November 26, 2020

Comet Investor Day

Comet Group

The Comet Group is a globally leading, innovative technology company based in Switzerland with a focus on plasma control and x-ray technology. With premium high-tech components and systems, we enable our customers to both enhance the quality of their products and make their manufacturing more efficient and eco-friendly. Our innovative solutions are in demand in the semiconductor and electronics market, the aerospace and automobile industry and in security inspection. Headquartered in Flamatt, Switzerland, the Comet Group has a presence in all world markets. We employ about 1,300 people worldwide, including approximately 500 in Switzerland. Besides production facilities in China, Denmark, Germany, Switzerland, Malaysia and the USA, we maintain various other subsidiaries in the USA, China, Japan and Korea. Comet (COTN) is listed on the SIX Swiss Exchange.