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Change in Management at Polycine: Continuity and Focus on Growth Schiffweiler, Saarland Germany – Polycine, a leading provider of liquid drug packaging solutions, announces a change in its management structure to ensure a seamless transition and continued focus on driving growth. With effect of 31-July-2023, René Groß will step down from his position as Managing Director and CEO at Polycine with mutual agreement. The company, its employees and management board express their gratitude to Mr. Groß for his contributions during his tenure. Responsibilities previously held by Mr. Groß will ad interim be collectively assumed by the existing members of the management team: Christian Kunz, Sascha Lehmann, and Anant Goenka. Together with Polycine’s majority shareholder Armira, the new Managing Directors will analyse the long-term needs of the company and take further decisions, when required. "Polycine is entering an exciting chapter of growth and opportunity, and we are fully committed to leading the company forward," said Christian Kunz, Sascha Lehmann, and Anant Goenka, members of Polycine's management team. "We are grateful for the trust placed in us and the opportunity to collectively ad interim assume the responsibilities previously held by Mr. Groß. Our focus remains on delivering exceptional film solutions, fostering strong relationships with our customers and partners, and driving Polycine's continued success." Armira fully supports this transition. "We have complete confidence in the abilities of Christian Kunz, Sascha Lehmann, and Anant Goenka," stated Mr. Philipp Hassanzadeh, Partner at Armira. "Their deep knowledge of the industry, combined with their proven leadership skills, positions the company for continued growth and success. As a long-term investor, Armira remains committed to supporting Polycine's strategic initiatives and contributing to its future accomplishments." Polycine's commitment to its customers, partners, and stakeholders remains steadfast. The collective expertise of the management team, supported by Armira, will ensure a seamless transition and sustained focus on delivering innovative film solutions, exceeding customer expectations, and driving growth. For media inquiries, please contact: Anant Goenka Chief Strategy Officer Polycine GmbH +49 6821 964770 info@polycine.de