HELLA GmbH & Co. KGaA, DE000A13SX22

HELLA GmbH & Co. KGaA, DE000A13SX22

02.02.2018 - 14:04:02

HELLA GmbH & Co. KGaA: HELLA's management board newly arranged to set path for the future

HELLA's management board newly arranged to set path for the future

- CEO contract for Dr. Rolf Breidenbach extended for five more years

- Dr. Breidenbach takes over management of the Automotive Segment; Dr. Frank Huber to become deputy managing director of the Lighting business division

- Markus Bannert and Dr. Matthias Schöllmann will leave the management board

Lippstadt, February 2, 2018. The HELLA GmbH & Co. KGaA management board is being newly arranged. In addition to staffing changes, the structure of the management board's tasks will change and its size be reduced. With this new composition the automotive supplier is setting the path for the future.

The shareholder committee of the HELLA GmbH & Co. KGaA voted to continue the collaboration with Dr. Rolf Breidenbach (54) as President and CEO for another five years. This will extend his CEO contract, originally running until January 31, 2019, until January 31, 2024. "Dr. Breidenbach has been a driving force in HELLA's development towards a globally positioned automotive supplier", said Manfred Wennemer, Chairman of the HELLA GmbH & Co. KGaA shareholder committee. "The shareholder committee is convinced that with Dr. Rolf Breidenbach at the top of the management board, HELLA is excellently prepared for seizing future opportunities and mastering any challenges on the way."

In addition to his previous functions, Dr. Breidenbach will as of immediately assume the management of the Lighting business division and therefore manage the entire Automotive Segment. At the same time, Dr. Frank Huber (37) will become the deputy managing director of the Lighting business division and a member of the HELLA management board as of April 1, 2018. Since September 2014, the vehicle and engine technician has been active in various management positions of the Lighting business division. Markus Bannert, who has managed the division up to now, will leave the company at his own request.

In addition to setting the course regarding staffing, the task definition of the management board will also be redefined. One change involves integrating the Automotive Sales corporate function into the Lighting and Electronics business divisions. Integrating company responsibilities into those business divisions is going to create synergies with the Product Centers while further strengthening sales activity efficiencies. The management of the central sales activities, such as Marketing and Contract Management, will be assumed by Dr. Werner Benade (54), responsible for the Aftermarket & Special Applications business division at HELLA. The previous managing director of Automotive Sales, Dr. Matthias Schöllmann, will leave the company at his own request upon contract expiration at the end of March 2018.

 

Please note: This text and corresponding photo material can also be found in our press database at:www.hella.com/press

HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a global, family-owned company, listed on the stock exchange, with around 40,000 employees at over 125 locations in some 35 countries. The HELLA Group develops and manufactures products for lighting technology and electronics for the automotive industry and also has one of the largest retail organizations for automotive parts, accessories, diagnostics, and services within Europe. With nearly 7,000 people working in research and development, HELLA is one of the most important innovation drivers on the market. Furthermore, with sales of 6.6 billion euros in the fiscal year of 2016/2017, the HELLA Group is one of the top 40 automotive parts suppliers in the world and one of the 100 largest German industrial companies.

For additional information please contact: Dr. Markus Richter Company spokesman HELLA GmbH & Co. KGaA Rixbecker Strasse 75 59552 Lippstadt Germany Phone: +49 (0)2941 38-7545 Fax: +49 (0)2941 38-477545 Markus.Richter@hella.comwww.hella.com

02.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: HELLA GmbH & Co. KGaA Rixbecker Str. 75 59552 Lippstadt

Germany Phone: +49 (0)2941 38-7125 Fax: +49 (0)2941 38-6647 E-mail: Investor.Relations@hella.com Internet: www.hella.de/ir ISIN: DE000A13SX22 WKN: A13SX2 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxemburg   End of News DGAP News Service

650885  02.02.2018 

@ dgap.de

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