Our co-founder Mr Klaus Jörg Onasch will retire on 31 December 2021 and will no longer be a co-owner and managing director of pbo. However, Mr Onasch will continue to be available to pbo as a consultant. He will be replaced by Mr Dennis Wegkamp. We are pleased that with Mr Wegkamp, a long-standing employee will continue to carry on the company philosophy as the new managing director and co-owner and that Mr Onasch will continue to contribute his experience, albeit for a reduced amount of time.