Johannes Graf von Westphalen (64), CEO and former owner of the company, will retire as of August 31, 2023 and resign from his position as Managing Director. Ms. Amy Qianyun Li, who was previously the registered manager together with Graf von Westphalen, will take over the function of Managing Director (representing the interests of the investors only and not participating in the daily management of the Company).

Graf von Westphalen’s long-standing management team consisting of Christina Stoiber (Sales Management), Jürgen Franz (Commercial and Financial Management) and Christian Rott (Technical Production Management) will take over the operational management by proxy in order to continue business operations in the usual manner.

TEXPA has established an excellent position in the home textile industry worldwide and is today recognized as the global market leader in this field. The new management will continue to maintain and expand the image of Texpa as a manufacturer of high-quality, long-lasting machines.

Graf von Westphalen will remain with the company for the time being and continue to support Texpa as a consultant and brand ambassador.

Saal an der Saale, August 31, 2023