S&T AG: Supervisory Board appoints Compliance Board

Linz, March 18, 2022: The Supervisory Board of S&T AG (http://group.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), appointed at its today meeting Dr. Clemens Billek to the Executive Board of S&T AG as Chief Compliance Officer (CCO), effective as of May 2, 2022.

As a proven expert, Clemens Billek will be responsible for the topics law, compliance, internal audit, risk management and corporate governance on the S&T Executive Board. After starting his career at the stock exchange supervisory authority in the Austrian Takeover Commission and as an investment banker at an international investment bank, Clemens Billek most recently also worked as head of the office for the Takeover Commission. He has extensive professional experience in the fields of compliance, legal and IR at listed companies and in the field of digitalization respectively as the founder of a telemedicine platform.

With the appointment of Clemens Billek as Chief Compliance Officer, a further point of the compliance measures package resolved in December 2021, is being implemented. Prior to this, the independent forensic investigation commissioned by S&T had already been completed by Deloitte Financial Advisory GmbH and the executive summary been published by S&T AG.

Claudia Badstöber, Chairwoman of the Supervisory Board of S&T AG: “S&T AG is committed to full transparency, comprehensive compliance and good corporate governance. To underline our commitment, we have decided to add a Chief Compliance Officer to the Executive Board. I am pleased that with Clemens Billek we have been able to appoint an experienced expert who will further strengthen the S&T Group’s position in the area of governance.”

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