SE and COO Jürgen Vedie mutually agreed to terminate service contract early

• Jürgen Vedie leaves Management Board of SE on September 30, 2018
• CEO Peuckert and CFO Weinberger take over responsibilities from October 1, 2018
• Efficiency and profitability increase on-track, break-even expected in early 2019

Munich, September 10, 2018: SE („“ or „Group“), one of the leading online retailers for baby and toddler products in Europe and for customers in China, announces that Jürgen Vedie, member of the Management Board and Chief Operating Officer (COO) of and the Supervisory Board of have mutually agreed that they will not renew and to terminate Mr. Vedie´s contract, which runs until June 30, 2019, early. Mr Vedie – who is responsible for Supply Chain Management, Logistics, Operational Purchasing and Customer Service – will leave the company