Oliver Dörre to succeed Thomas Müller in 2024 as Chairman of the Management Board as part of an early and long-term succession plan

Taufkirchen, 21. March 2023 – Oliver Dörre (53) will succeed Thomas Müller (64) as Chairman of the Management Board of HENSOLDT AG. This was decided by the Company's Supervisory Board at its meeting today. Oliver Dörre will initially join the Management Board as an additional member no later than 1 January 2024. Upon resignation of Thomas Müller, expected for 1 April 2024, a few months before the regular end of his term, Oliver Dörre will take over as Chairman of the Management Board. Until then, Thomas Müller and Oliver Dörre will collaborate closely to ensure a smooth succession. The succession is a result of a thorough selection process as part of an early and long-term planning.

Oliver Dörre is a graduate in computer science and has been, since 1 January 2021, CEO and Chairman of the Executive Board of Thales Germany, where he has formerly served as VP Sales & Marketing / Key Account Executive from the end of 2016 until the end of 2020. Before joining Thales in 2015, he spent around five years at Frequentis AG, where he held various management positions. As head of the Defence business unit, he was responsible for international military sales, project and product management, and development in the Defence sector. From 1988 to 2010, Dörre served as a general staff officer in the German Air Force, most recently as a policy officer and deputy head of unit with the rank of Lieutenant Colonel (G.S.) in the planning department of the Ministry of Defence.

"We are very excited that we have succeeded in recruiting Oliver Dörre for HENSOLDT. He is the ideal candidate to lead HENSOLDT together with the management team into a successful future, and this at a time when we see a new defence environment with an increasing focus on innovative capabilities such as smart sensors, electronic warfare, networked solutions, and analytics. Oliver Dörre has an outstanding track record of building strong product pipelines and is highly experienced in bringing innovation to the market. Beyond that, Oliver Dörre is an exceptional leader as demonstrated by his performance in several strategic transformation projects and his different military awards such as the Cross of Honor of the German Armed Forces in Gold or the Medal of Honor Carl von Clausewitz", said Johannes Huth, Chairman of the Supervisory Board of HENSOLDT AG. "Oliver Dörre's mission is clear: enable HENSOLDT to realize its full potential, create sustainable value for our shareholders and all stakeholders, and make a meaningful contribution to security in Europe."

Huth continued: "On behalf of the entire Supervisory Board, I would also like to sincerely thank Thomas Müller for his successful engagement since the carve out of Hensoldt.
Today, HENSOLDT is a stock listed pioneer in the field of defence and security electronics technology and innovation, well positioned in highly attractive growth markets. The recent successful operational performance and the share price development are clear evidence that HENSOLDT stands on a very strong foundation. These are accomplishments to which Thomas Müller has contributed considerably with tireless efforts and to which he will continue to contribute until his resignation."

About HENSOLDT

HENSOLDT is a leading company in the European defence industry with global reach. Based in Taufkirchen near Munich, the company develops complete sensor solutions for defence and security applications. As a technology leader, HENSOLDT drives the development of defence electronics and optronics and is continuously expanding its portfolio based on innovative approaches to data management, robotics and cyber security. With more than 6,500 employees, HENSOLDT achieved a turnover of 1.7 billion euros in 2021. HENSOLDT is listed on the Frankfurt Stock Exchange.

www.hensoldt.net

Press contact HENSOLDT

Joachim Schranzhofer  T: +49 (0)89.51518.1823

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