The Supervisory Board of Wolford Aktiengesellschaft appointed Axel Dreher at its Supervisory Board meeting held on December 13, 2012 to serve as the new member of the Executive Board of the company as per March 1, 2013. Mr. Dreher will serve as a Member of the Executive Board with management responsibility for Production and Technology as well as Procurement. By transferring management responsibility in some areas from CEO Holger Dahmen to Axel Dreher, Mr. Dahmen will be given the time and capacity required to more strongly concentrate on strategic and growth-related issues, especially with respect to marketing and sales.

At the same time, the appointment of Mr. Dreher will enable the company to accelerate the previous positive development of the company's production operations and procurement. From March 1, 2013 the Executive Board of Wolford Aktiengesellschaft will consist of Holger Dahmen, Chairman of the Executive Board with management responsibility for Strategic Corporate Development, Marketing, Sales and the subsidiaries, Thomas Melzer, with management responsibility for Finance, Investor Relations, Legal Affairs, Human Resources and IT, and Axel Dreher, with management responsibility for Production and Technology as well as Procurement.