Leoni, CEO Dieter Bellé Mutually Agree On Termination

(RTTNews) - Leoni AG of Nuremberg announced that the Supervisory Board and its President & CEO, Dieter Bellé agreed on his early departure effective 31 January 2018. Leoni stated that the termination of office mutually agreed.

Dieter Bellé thereupon, with the Supervisory Board's understanding, resigned his mandate as member and chairman of the Management Board and will leave the Management Board effective 31 January 2018. The Supervisory Board intends to appoint a successor soon.

Dr.-Ing. Klaus Probst, Chairman of the Supervisory Board, commented, "Following a string of challenges in the past few years, Dieter Bellé and his Management Board team prevailed in leading the Leoni Group back onto a track of success. On behalf of the Supervisory Board, I thank Mr Bellé for his many years of successful work for Leoni as well as for his great commitment."