The Supervisory Board of Deutsche Rohstoff AG appointed the Dr. Jörg Reichert as the new CTO of the company, effective January 1, 2015. He will in particular be responsible for the mining projects of the Group. Jörg Reichert has worked for the company since September 2008.

He was the responsible manager for DRAG's projects in Saxony. He currently heads the Leipzig office in the function of Chief Geologist. He is also the Managing Director and CEO of DRAG's subsidiaries Sachsenzinn GmbH and Ceritech A. Mr. Reichert will maintain both of these positions.

The co-founder of the company and current CEO, Dr. Titus Gebel, resigns from the Board at his own request and for personal reasons as of December 31, 2014. His role as CEO of the company will be taken over by the former CFO, Dr. Thomas Gutschlag. In addition to the new responsibilities, Mr. Gutschlag will continue to cover the areas of finance, investor and public relations.

Titus Gebel will remain available as a Consultant and in his current positions as member of the board of DRAG's subsidiaries.