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 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 28.04.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------