Carsten Reinhardt was elected as a member of the SAF-HOLLAND Board of Directors at the Annual General Meeting on April 27, 2017. Mr. Reinhardt is an independent member as defined by the Company’s Articles of Association. Reinhardt has more than 23 years of experience in the commercial vehicle and other industries, both as OEM and Supplier executive. Mr. Reinhardt is a senior advisor for RLE International. Until October 2015, Mr. Reinhardt was the Chairman of the Management Board of Voith Turbo GmbH & Co. KG and a member of the Corporate Board of Management of Voith GmbH in Heidenheim, Germany where he was responsible for the company´s Power, Oil/Gas, Mining/Metals, Rail, and Commercial Vehicle divisions. From 2006 until 2011, Mr. Reinhardt served as President of Commercial Vehicle Systems and COO at Meritor Inc., Troy, Michigan, USA. Prior to this, he held various management positions at Daimler AG, including CEO at Detroit Diesel Corporation, General Manager and Vice President of Western Star Trucks and Director of Manufacturing Engineering at Freightliner Corporation, USA. Carsten Reinhardt holds a Bachelor of Science in Mechanical Engineering from the Technical University of Esslingen, Germany, and a Master of Science in Automobile Engineering from the University of Hertfordshire, U.K. In addition to his profound commercial and financial know-how Carsten Reinhardt contributes to the Board of Directors of SAF-HOLLAND S.A. with his deep knowledge of the commercial vehicle industry and its technological developments and trends. Reinhardt is also a member of the Board of Directors of Grundfos Holding A/S, Bjerringbro, Denmark and of Rosti Group, Malmö, Sweden. He serves as Operating Partner and Member of the Advisory Board at Michigan Capital Advisors in Bloomfield Hills, Michigan, USA and is a member of the Advisory Board of WEZAG GmbH, Stadtallendorf, Germany.