Deufol Group's Executive Board appointed Jürgen Hillen as new CFO. Jürgen Hillen replaces his predecessor Klaus Duttiné, who was CFO of the Deufol Group from 2013.

Mr. Duttiné is leaving the company for personal reasons by mutual best agreement. His successor Jürgen Hillen will continue to focus on the financial and commercial development of Deufol and will strategically advance the commercial use of Deufol's own properties with the Property Development division. In addition, he will use his capital market knowledge to optimize the corporate structure of the Deufol Group and proactively support further growth and the ongoing globalization.

Jürgen Hillen, 55-year-old banker and graduate in business administration, has around 30 years of international professional experience in various fields of finance in the financial services sector. Mr. Hillen comes from Deutsche Börse Group, where his most recent positions included of Clearstream Banking AG, Frankfurt am Main, and Chief Risk Officer of Clearstream International S.A. in Luxembourg.

The Deufol Group is a global premium provider of packaging and related services.