Munich – The Supervisory Board of Formycon AG has unanimously voted to extend the executive board appointment of Dr. Nicolas Combé, the co-founder of the company who has served with distinction as its chief financial officer since May 5, 2010. With effect from April 27, 2015, his executive appointment has now been extended for three further years, until June 16, 2018. Without this extension, his current term of office would otherwise have expired as of May 5, 2015.

“This strong vote of confidence will ensure stability and continuity as the company moves forward in its current growth phase,” noted Dr. Olaf Stiller, Chairman of the Supervisory Board. “The Supervisory Board has no doubt that Dr. Combé will continue his excellent work over the next three years.”

“I am grateful for this renewed expression of the Supervisory Board’s confidence, and I look forward to meeting the challenges which lie ahead,” said Dr. Combé. “I would also like to take this opportunity to thank the staff of Formycon and especially our CEO, my colleague on the executive board. I am highly optimistic that, working together, we will continue to be able to attain the ambitious objectives which we have set for our company.”