4 Executive Board

4.1 Members of the Executive Board

The members of the Executive Board report directly to the CEO. The CEO reports to the Board of Directors. On December 31, 2024, the Executive Board was composed of the following persons:

Domenico Iacovelli

Information Technologist FA, specialized in application development, business economist NDS HF, born in 1976, a Swiss national. Domenico Iacovelli has extensive management and leadership experience with over 20 years in the sheet metal industry, including 13 years as a CEO. Before joining Bystronic as CEO in 2024, he served as CEO of the Schuler Group (an ANDRITZ Group company), the worldʼs largest press manufacturer, since 2018. In April 2022, he was entrusted with additional duties and became a member of the ANDRITZ Executive Board. In this role, he was responsible for the Metals business area as well as the Group IT and Automation & Digitalization functions. From 2011 to 2017, he was CEO of Soutec, a company specializing in high-end laser welding applications. Since 2020, he has been the Chairman of the Board of Directors of Rey Technology Holding AG, Sirnach.

Beat Neukom

Business economist HWV/Certified Management Accountant (CMA), born in 1970, a Swiss national. Beat Neukom joined Bystronic as Chief Financial Officer in May 2021, also taking over responsibility for the global IT organization in January 2022. Prior to joining Bystronic, he worked for the Merz Pharma Group (Germany), where he was group CFO from 2014 to 2021, responsible for finance, IT, and strategic sourcing. In addition, he was responsible for Merz Pharmaʼs commercial operations in Latin America. Previously, he was CFO of two start-up companies in the life sciences industry, one of which he co-founded. From 1997 to 2008, he worked for the medical technology company Johnson & Johnson in Switzerland, the Netherlands, and the US.

Eamon Doherty

With degrees in business administration, born in 1968, an Irish national, Eamon Doherty has headed the new Service division since October 1, 2024. He already had responsibility for this area beginning January 1, 2021, as Chief Service Officer. This role covers commercial aspects including customer satisfaction and improvements across all technologies. Joining Bystronic in 2016, he took over the responsibility for commercial excellence, supporting the organization on its journey towards world-class service. From 1994 to 2016, he worked for Ecolab Inc., a global organization that develops and offers services, technology, and systems for the chemical industry. During this time, he held various management positions, including as Vice President of North & Western Europe.

Alberto Martinez

Computer engineer (University of Deusto), MBA (IESE Business School), born in 1971, a Spanish national, Alberto Martinez has headed the new Systems division since October 1, 2024. Previously, he led the Competence Center Software Services since September 2018 and the Solutions Center since August 2020. From August 2020 until December 2021, he also headed the global IT department. Prior to joining Bystronic, he worked as a software engineer for Lantek, from 1999 as Chief Technical Officer (CTO) and from 2004 to 2018 as CEO. He has a profound knowledge of the sheet metal processing industry and more than 25 years of experience in the field of software.

4.2. Rules contained in the Articles of Association regarding the number of permitted roles

According to Art. 28 of the Articles of Association of the company, no member of the Executive Board¹ may accept more than four mandates, of which no more than two may be in companies listed on the stock exchange. Any such mandate must be approved by the Board of Directors.

These restrictions do not apply to:

• Mandates in companies controlled by the company or that control the company.
• Mandates taken up by a member of the Executive Board on the instruction of the company; no member of the Executive Board may take up more than ten such mandates.
• Mandates in associations, charitable foundations, and pension foundations; no member of the Executive Board may take up more than ten such mandates.

Mandates include appointments in the highest management body, on the executive management, or the advisory board of another company with economic purpose. Mandates in different legal entities under joint control or with the same economic beneficiary are regarded as a single mandate.

4.3 Management contracts

Bystronic AG has not concluded any management contracts with companies or individuals from outside the Group.