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Mike Ginocchio new president of the APAC region at SAF-HOLLAND - Group expands business segments adding stand-alone APAC region, effective January 1, 2019

Mike Ginocchio new president of the APAC region at SAF-HOLLAND - Group expands business segments adding stand-alone APAC region, effective January 1, 2019

Luxembourg, January 28, 2019 - The listed supplier for the trailer, truck and bus industries SAF-HOLLAND S.A. ("SAF-HOLLAND") has appointed Mr. Mike Ginocchio as President APAC (Asia, Pacific, India), effective January 1, 2019. In his role, Mr. Ginocchio will report to the CEO, Mr. Detlef Borghardt, and become a member of the Group Management Board. The appointment of Mr. Ginocchio as President APAC relieves CEO Detlef Borghardt from his additional role as President of the APAC/China region.
 

Mike Ginocchio has been working at the SAF-HOLLAND Group since 1995 and has extensive experience in the commercial vehicle industry, and specifically in the areas of product and market development. Prior to his appointment as president, he held several leadership roles at SAF-HOLLAND, his most recent being Vice President Asia Pacific. In this position, he was also responsible for the successful integration of York.
 

Business segments expanded to include the APAC region
In order to prepare for the Group's further growth and its ongoing focus on the emerging markets, the Group Management Board has decided to add the stand-alone APAC region to SAF-HOLLAND's business segments. As a result, the business segments as of January 1, 2019, are now divided into the regions EMEA (Europe, Middle East, Africa), Americas (North and South America), China and APAC (Asia, Pacific, India). This change will also change the segment reporting of the regions mentioned.
 

"In appointing Mr. Mike Ginocchio, we are pleased to have a seasoned expert for the Asia region as our President of the APAC region and a member of the Group Management Board. With our growth strategy already in place, SAF-HOLLAND is continuously aligning its business and corporate structures with global developments," explained SAF-HOLLAND CEO Detlef Borghardt, in his comments on the motive for expanding the business segments.
 


Alexander Pöschl
Senior Manager Investor Relations / Corporate Communications

Tel. +49 (0)6095 301 117
Fax +49 (0)6095 301 102

SAF-HOLLAND GmbH
Hauptstraße 26
D-63856 Bessenbach
Deutschland