Change of Executive Management at Ipsen International Holding GmbH

Ipsen Global

February 18, 2019

Cherry Valley, ILLINOIS (February 18, 2019) - Effective February 1, 2019, Ipsen Group CEO Thorsten Krüger will move to the Advisory Board of the company, handing over global operational responsibilities to Mr. Geoffrey Somary. Mr. Somary is appointed to CEO of Ipsen Group worldwide, with the same effective date.

The Advisory Board thanked Mr. Krüger for his contributions at Ipsen since 2013, and looks forward to his shift from operational responsibility to an advisory capacity, where he will support the further development of the company.

Since 2005, Mr. Somary has held several senior positions within Ipsen, always closely involved with customers and with team members of the company. He has demonstrated the ability to bring together employees of different cultures in a way that delivers the best possible solutions to Ipsen customers.

Ipsen Group Management will be complimented by Mr. Houman Khorram, who will continue to serve as Group CFO, a position he has held since 2013.

The Board is confident this leadership team, together with Ipsen's dedicated employees, will continue advancing Ipsen's unique success story and further strengthen its position as global market leader.