Sixt Shareholders Adopt All Items On Agenda

Sixt SE said that its shareholders adopted all items on the agenda by large majorities in the resolutions at virtual Annual General Meeting.

The shareholders renewed the authorization of the Management Board to issue profit participation bonds and/or profit participation rights through 15 June 2026.

At the meeting of Sixt, the former Chief Executive Officer Erich Sixt was cautiously optimistic due to the current development of demand and at the same time announced extensive investments in strategic fields for the mobility service provider.

SIXT plans to hire additional employees. Before filling new positions, however, reactivating its existing workforce to full strength has priority. If the positive development of demand in recent weeks continues, the company will seek to gradually end short-time work by the end of June, Sixt indicated.

Due to the continuing great uncertainties regarding the further course of the year, it was not possible for Sixt SE to issue a forecast for the course of business in 2021 as a whole.

With today's Annual General Meeting, the Chairman of the Management Board Erich Sixt, who had taken over the management of the company from his father in 1969, resigned from his position on the Board. The shareholders elected him to the Supervisory Board of Sixt SE by a large majority. He succeeds Ralf Teckentrup, who resigned from office at the end of the Annual General Meeting.

The Supervisory Board elected Erich Sixt as the new Chairman of the Board.

Furthermore, as announced, the previous Chairman of the Supervisory Board, Friedrich Joussen, left the Board at the end of the Annual General Meeting. He was succeeded by Julian zu Putlitz, who served as Chief Financial Officer of Sixt SE from 2009 to 2018, as a new member of the Supervisory Board.

As previously announced, Alexander Sixt and Konstantin Sixt is appointed as joint Chairmen of the Management Board and Co-CEOs of Sixt SE.

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