SAF-HOLLAND appoints President of Aftermarket Business Unit
Bessenbach, October 1, 2009 - Effective October 1, 2009, SAF-HOLLAND S.A.
has appointed Alexander Geis President of the Aftermarket Business Unit.
In this role he will also serve as deputy member of SAF HOLLAND's
Management Board. He is thus responsible for the strategic alignment of the
global parts business. In addition to his new responsibilities, he will
continue as Vice President for Aftermarket Sales and Marketing for Europe,
the Middle East and Africa. At the same time, Dan Millar will take the
position of Vice President of the Aftermarket Business in North, Central
and South America, New Zealand, Australia, Indonesia, Malaysia,
Philippines, Thailand, Vietnam, Korea, Japan and China.
Dr. Reiner Beutel, CEO of SAF-HOLLAND Group GmbH: 'The Aftermarket Business
Unit is an important growth driver that has made a significant contribution
to the stabilization of the entire company. The strategic profile will now
be further refined and focused on international markets. We continue to
anticipate dynamic development in the spare parts business.'
The Aftermarket Business Unit of SAF-HOLLAND supplies products for the
aftermarket parts business of vehicle manufacturers, dealer organizations
and independent workshops. Since trucks and trailers are only profitable
when they are on the road, SAF-HOLLAND strives to offer its customers
prompt and professional access to replacement parts and service. To do
this, the Group is rapidly expanding its number of parts and service
centers, which are now established in Europe, America, Asia, Australia and
Africa. Most recently, SAF-HOLLAND concluded cooperative agreements with
manufacturers Scania and Volvo in Europe. The continued success of the
parts business has had a stabilizing effect on the Group. In addition, the
unit has also been less affected by the weak economic situation than the
trailer and truck OEM business. Since as early as March 2009, demand in the
business unit has been increasing, both in Europe and North America. In the
past, development in this business unit has been an important early
indicator of future market development in the Truck and Trailer business.
With about EUR 800 million in sales and over 2,000 employees, SAF-HOLLAND
S.A. is one of the worldwide leading manufacturers and suppliers of premium
product systems and components primarily for trailers as well as trucks,
buses and recreational vehicles. The product range encompasses axle and
suspension systems, fifth wheels, couplers, kingpins and landing legs.
SAF-HOLLAND customers include the majority of large truck and trailer
producers all over the world. The products are sold to Original Equipment
Manufacturers (OEMs) and Original Equipment Suppliers (OESs) by means of a
global service and distribution network and via aftermarket channels
directly to the end users and service garages. SAF-HOLLAND has therefore
established itself as one of the few manufacturers in its sector that is
internationally positioned with an extensive product range and a broad
service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of
the Frankfurt Stock Exchange since July 2007.
SAF-HOLLAND Group GmbH
Phone +49 6095 301-617
01.10.2009 Financial News transmitted by DGAP