On December 7th and 8th, WEG held the 10th edition of its WEG Day, an annual event for investors and market analysts in Jaraguá do Sul, state of Santa Catarina. The meeting was marked by the announcement of the CEO succession plan, perspectives, and strategic updates.

The event took place in a hybrid format, with simultaneous transmission on YouTube, bringing together approximately 65 people in person and over 340 online viewers.

With a memorable speech, the Chairman of the Board of Directors, Décio da Silva, announced, as disclosed in a Relevant Fact, the succession of the CEO, Harry Schmelzer Jr., who will leave his position on March 31, 2024. As his successor, starting April 1, 2024, Alberto Yoshikazu Kuba, the current Managing Director of WEG Industrial Motors, was appointed.

Continuing the schedule, Carlos José Bastos Grillo, Managing Director of WEG Digital & Systems, addressed the importance of Electric Mobility for the Company, within the perspective of energy transition. Also, in the first part of the event, Carlos Diether Prinz, Managing Director of the WEG T&D Unit, presented the Transmission and Distribution business.

The second part of the event focused on the financial updates and future strategies of the Company. The topics were presented by the CFO, André Luís Rodrigues, and the CEO, Harry Schmelzer Jr. WEG reaffirmed its commitment to innovation, sustainability, and value creation for shareholders.

In the in-person format, participants concluded the meeting at the WEG Transmission & Distribution unit, located in Blumenau, state of Santa Catarina. There, they had the opportunity to get a close look at the main products in the unit's portfolio.

All materials presented at the WEG Day are available on the WEG Investor Relations (IR) website.