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Appointment of Nicolas Beyl as Chief Executive Officer

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We are pleased to announce that Nicolas Beyl will take over as Chief Executive Officer of our company and Single Holding GmbH as of December 1, 2020. He succeeds Frank Spork, who has managed the company on an interim basis since March 2020. Frank Spork will concentrate on his role as Director Product Management and will continue to lead Single’s efforts in that area. We thank Frank Spork for his tireless efforts and capable leadership during the transition phase in the company leadership.

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Nicolas Beyl (51) who holds a Master’s degree in Mechanical Engineering brings extensive knowledge of the plastics and rubber machinery industries as well as a wealth of management and leadership experience. Over the past 14 years, he has held various leadership positions at the leading manufacturer of plastics and rubber machinery. From 2012 until 2020, he was Managing Director of Manufacturing Technologies, responsible for the Reaction Process Machinery Division, and was also a member of the Group’s Executive Committee. Before that, he was head of technology in its Injection Molding division. Before joining this company, he was a Principal at the Boston consulting group, advising companies in the machinery and automotive industries on strategic and operational issues.

Tim Talaat, Chairman of SIHAG, the parent of the single group, stated: “Nicolas Beyl, brings a wealth of experience and strong leadership to our company. I am convinced that under Nicolas Beyl’s guidance the SINGLE Group will be able to successfully master the next phase of our development”. About Single: Single is the market-leading supplier of powerful and energy-efficient temperature control technology. A globally operating supplier of powerful and energy-efficient temperature control and cooling technology on the world market, with a correspondingly expanded international manufacturing, sales, and service network. The range of products and services at a high level of quality and innovation, as well as the international presence, guarantee high availability, reliable service, and fast, flexible processing worldwide.

http://www.single-temp.com

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