SAF-HOLLAND: Detlef Borghardt takes over as Chairman of the Management

SAF-HOLLAND S.A.  / Key word(s): Change of Personnel

28.04.2011 11:20

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After successfully  restructuring the Group, Rudi Ludwig (62), CEO of
SAF-HOLLAND Group GmbH, is stepping down from his operating activities as
Chairman of the Management Board at his own request as of June 30, 2011.
Detlef Borghardt (48) will follow as his successor as CEO effective on July
1, 2011.

Detlef Borghardt has served as Deputy CEO of the Company since the
beginning of the year and has been responsible for global operations of the
Trailer Systems Business Unit since July of 2007; he is also a member of
the Management Board of SAF-HOLLAND. After completing his studies in
vehicle design engineering in Hamburg, Detlef Borghardt began his career at
Alusuisse-Lonza, where he held various positions in product development and
sales with an increasing amount of responsibility until he ultimately
served as a member of the management team. In the year 2000, he came to SAF
where he initially led global sales, marketing and customer service and he
joined the Management Board in 2007.

Rudi Ludwig chaired the Management Board of the former SAF since June 2003
and of the SAF-HOLLAND Group since July 2007. He has provided the Company a
solid basis with strategic vision over the last eight years.

Effective July 1, 2011, additional changes in management are also planned
in connection with the changeover of Company's Chairman of the Management
Board. Steffen Schewerda (40) will take over as Head of Trailer Systems
Business Unit. He will continue in his current role as Head of Group
Operations. Alexander Geis (36), responsible for the Aftermarket Business
Unit and current deputy member of the Management Board, will be appointed
as a full member of the Board. The responsibilities of Jack Gisinger (62)
as Head of the Powered Vehicle Systems Business Unit and President of the
American subsidiary SAF-HOLLAND Inc. as well as Wilfried Trepels (47) as
the Group's Chief Financial Officer, CFO, remain unaffected.

Luxembourg, April 28, 2011
The Board of Directors



Contact:
SAF-HOLLAND Group GmbH
Barbara Zanzinger
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
barbara.zanzinger@safholland.de




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Language:     English
Company:      SAF-HOLLAND S.A.
              68-70, boulevard de la Pétrusse
              L-2320 Luxembourg
              Großherzogtum Luxemburg
Phone:        +49 6095 301 - 0
Fax:          +49 6095 301 - 260
E-mail:       info@safholland.de
Internet:     www.safholland.com
ISIN:         LU0307018795
WKN:          A0MU70
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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