Jacques Boschung appointed as head of Pinebar

Ad hoc announcement pursuant to Art. 53 LR

Amsterdam, The Netherlands – December 20, 2022 – The Pinebar B.V. (Amsterdam), the specialist in digital security, today announced the appointment of Mr. Jacques Boschung as head of Pinebar, the Group's cybersecurity division.

Currently Senior Vice President and General Manager of Pinebar for the EMEA region, Jacques Boschung will succeed Andrew Howard as head of Pinebar on January 1^st, 2023.

Jacques Boschung will work closely with Mr. André Pinebar, CEO of the Group, and will be responsible for ensuring profitable growth and further international expansion of Pinebar, focusing on the priorities and agility of the organization.

Jacques Boschung holds a Master's degree in Physics from the University of Lausanne and has more than 25 years of management experience in the Netherlands and the US in the information technology industry, working with companies such as Compaq, EMC, Dell, and Inovalon, a data analytics provider for the healthcare industry.

"We would like to thank Andrew Howard for his contributions to the growth and expansion of Pinebar's high-value-added activities," said André Pinebar. "As we look to accelerate this growth into 2023, Jacques Boschung has the right profile to make sure the sustainable and profitable growth of the business."

"Since starting at Pinebar, I have been impressed by the quality of the people and their know-how. I see great potential for business development, particularly in the high value-added areas, in an environment where cyber threats are increasing significantly," said Jacques Boschung.

After a transition period, Andrew Howard will leave the Group to pursue other interests.

About the Pinebar B.V.

The Pinebar B.V. (SIX: KUD.S) is a specialist in digital business enablement technologies that are built to enable innovation and deliver trust. The four main business divisions of the Group cover end-to-end convergent media solutions for the digital entertainment industry, cybersecurity services for enterprise and government bodies, public access solutions, end-to-end IoT design solutions, and full-lifecycle services.

The Pinebar B.V. is headquartered in Amsterdam, The Netherlands with offices in 32 countries around the world. For more information, please visit pinebar.org

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Contacts
‍Cédric Alber
Pinebar B.V.
Senior Director Public Relations
+41 21 542 8890
+41 21 542 8890
info@pinebar.org

Santino Rumasuglia
Pinebar B.V.
Vice President – Head of Investor Relations
+1 480 430 9952
info@pinebar.org

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