SAF-HOLLAND S.A. appoints Dr. Matthias Heiden as its new CFO

SAF-HOLLAND appoints Dr. Matthias Heiden as its new CFO

Luxembourg, October 10, 2016 - The Board of Directors of the SDAX-listed SAF-HOLLAND S.A. has appointed Dr. Matthias Heiden (43) as its new Chief Financial Officer (CFO) effective March 1, 2017.

As the new CFO and Management Board member of the SAF-HOLLAND Group, Dr. Heiden, a seasoned financial executive, will be responsible for the areas of Finance, Accounting and Controlling, IT, Legal and Compliance, Human Resources, and Investor Relations and Corporate Communications.

Dr. Heiden holds a degree in business administration and a PhD in economics. In addition to his apprenticeship at Deutsche Bank in London, he studied business & finance at Suffolk College, UK. He then continued his career at Deutsche Bank Saar AG and completed a dual-study program at the University of Saarland with a degree in business administration. He graduated from the university's Institute for Accounting and Auditing with a doctorate degree in economics. Following assignments at Arthur Andersen Business Consulting and EY, Dr. Heiden joined SAP SE as assistant to the Executive Board and then held executive positions, among others, in Corporate Financial Reporting. He was also the CFO of SAP Svenska AB and SAP's Head of Global Treasury. Dr. Heiden then became the CFO of SAP's German subsidiary in October 2014 to then take an enhanced role as Regional CFO for Middle and Eastern Europe.

"We are highly confident that Dr. Heiden together with his fellow Management Board members will successfully execute SAF-HOLLAND Group's growth Strategy 2020 and that he will make a significant contribution to achieving our 2020 financial targets", explained Bernhard Schneider, Chairman of the Board of Directors of SAF-HOLLAND S.A. "Dr. Heiden's wide-ranging knowledge of global accounting and reporting structures and his vast experience in all aspects of financing will prove particularly advantageous in the global expansion of the SAF-HOLLAND Group. His industry background will be a great asset not only for optimizing our global processes but also in progressing with the digitalization of our group of companies. We are very much looking forward to working with him," added Detlef Borghardt, CEO of SAF-HOLLAND.

Dr. Heiden will assume his new role at SAF-HOLLAND on March 1, 2017. He succeeds Wilfried Trepels, who will leave the Company at the end of 2016.

During the interim period, Dr. Martin Kleinschmitt, a member of the Board of Directors of SAF-HOLLAND S.A. and an Executive Board member of Noerr Consulting AG, will temporarily assume the position as CFO. Dr. Kleinschmitt has been a member of the SAF-HOLLAND S.A. Board of Directors since April 25, 2013 and has worked closely with the Company since 2002. He has extensive, in-depth knowledge of both the Company's strategic initiatives and corporate processes. During the periods 2002 to 2004 and 2009 to 2010, he also served as an interim member of SAF-HOLLAND's Management Board.

A picture of Dr. Matthias Heiden is available in our news & media section under