Philipp Buhofer is a Swiss citizen, born in 1959. Mr. Buhofer studied business administration at HWV Lucerne. After several years in purchasing management at Metro International in Europe and Asia, he moved to EPA AG in 1987, where he held various managerial positions in purchasing and sales. From 1997 he was a member and later President and Delegate of the Board of Directors of EPA AG until it was transferred to COOP in 2003. Today, in addition to his work at DAX Holding AG, he is active on the boards of several industrial companies, including as Chairman of the Board of Directors of Cham Group AG ( OTC) and member of the Board of Directors of the listed Kardex Holding AG and Schaffner Holding AG.