SAF-HOLLAND: Changes in the Group Management Board

SAF-HOLLAND: Changes in the Group Management Board

Luxembourg, January 14, 2020. Dr. Matthias Heiden, Chief Financial Officer (CFO) of the SAF-HOLLAND Group, has informed the Board of Directors that he would like to terminate his contract of service at the end of 2020 at the latest as he will pursue a new professional challenge.

Dr. Heiden has been a member of the Group Management Board of SAF-HOLLAND since March 1, 2017 and is responsible for the areas of Finance, Accounting and Controlling, Internal Audit, IT, Legal and Compliance, Human Resources, Corporate Social Responsibility as well as Investor Relations and Corporate Communications.

The Board of Directors has started a selection process to identify a suitable successor for Dr. Heiden. Until his departure - at the latest by the end of 2020 - Dr. Heiden will continue to fully perform his duties. It is possible that an earlier termination date will be agreed on by mutual consent.

Dr. Martin Kleinschmitt, Chairman of the Board of Directors, says: "We respect the decision of Dr. Heiden. In the name of the entire board, I would like to express our gratitude already at this point for the excellent, trusting and successful cooperation to date and his valuable contributions to the company."




SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of approximately EUR 1,301 million in 2018, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components primarily for trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, Holland, Neway, KLL, V.Orlandi and York. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEM) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer industry that is internationally positioned in almost all markets worldwide. With the innovation campaign "SMART STEEL - ENGINEER BUILD CONNECT" SAF-HOLLAND combines mechanics with sensors and electronics and drives the digital networking of commercial vehicles and logistics chains. Approximately 4,000 committed employees worldwide are already today working on the future of the transportation industry.


Michael Schickling
Head of Investor Relations and Corporate Communications
Tel: +49 (0) 6095 301 617

Future-oriented statements

This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND S.A. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.


This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND S.A. does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.