DGAP-News: SAF-HOLLAND S.A.: Jürgen Knott appointed as President China

Corporate News

SAF HOLLAND: Jürgen Knott appointed as President China
 

- Sales expert for axles, braking systems and chassis components with longstanding China experience

- Consistent implementation of China strategy
 

Luxembourg, 31 May 2019. SAF-HOLLAND GmbH, one of the world's leading suppliers of truck and trailer components, and Mr Guoxin Mao, President China and member of the Group Management Board, have mutually agreed on the termination of his service. Guoxin Mao resigns from his office with immediate effect. At the same time, Alexander Geis, CEO of SAF-HOLLAND, has appointed Jürgen Knott as President China effective from 1 June 2019. In this capacity, Mr Knott will report directly to Alexander Geis.
 

Jürgen Knott started his professional career at Robert Bosch GmbH in 1989, and since 1998 has held managerial positions with this company and Knorr-Bremse AG. In his most recent position, Mr Knott served as General Manager Sales and Marketing - China and Japan - and Managing Director Germany at the US company Meritor Inc., one of the world's leading suppliers of axles, pneumatic braking systems and vehicle components for commercial vehicles, buses and construction machinery.
 

Jürgen Knott studied at the University of Applied Sciences in Esslingen, Germany and is a certified engineer in mechanical/automotive engineering, specialised in vehicle construction.
 

Alexander Geis, CEO of SAF-HOLLAND said: "Jürgen Knott brings us extensive management expertise from the areas of operations, product development and sales of axles, brake systems and chassis components for commercial vehicles, along with longstanding experience in intercultural leadership, especially in China as well as Asia. With Jürgen Knott as Head of the Chinese management team we are now very well positioned locally to successfully opening up the growth potential for truck and trailer components in China."
 

About SAF-HOLLAND

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. More than 4,400 committed employees worldwide are already today working on the future of the transportation industry.
 

Contact

Michael Schickling
Head of Investor Relations and Corporate Communications
Tel: +49 (0) 6095 301 617
michael.schickling@safholland.de
 

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.
 

Notes

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.