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Kongsberg Automotive

Board/Management Information Jun 2, 2022

3648_rns_2022-06-02_4f435bf9-cf18-4599-a931-3d2411e3ee29.html

Board/Management Information

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Kongsberg Automotive appoints new board members

Kongsberg Automotive appoints new board members

Zurich, June 2, 2022: Kongsberg Automotive (KA) has appointed Rolf Breidenbach

and Mark Wilhelms to the company's Board of Directors (BOD) on June 2, 2022.

Rolf and Mark will replace Peter Schmitt and Gerard Cordonnier, who have served

KA`s BOD since 2019.

Rolf and Mark come to KA with decades-long experience in the automotive

industry. Rolf holds a PhD in Engineering and a Master`s Degree in Business

Administration from RWTH Aachen University. Rolf comes to the KA board with over

two decades of experience working as a Partner in McKinsey & Company and as the

Chief Executive Officer of Hella. Currently, he is the Non-Executive Director

and Member of the Supervisory Board of Dürr AG, Germany.

Mark holds a Master`s Degrees in Business Engineering and Process Engineering

from the University of Applied Sciences Krefeld, Germany. He was the Director,

Finance/Controller, Operations in Genk, Belgium at Ford Motor Company, and the

Chief Financial Officer in FTE Automotive. He is the Chief Financial Officer at

Stabilus, from where he will retire in September 2022. Mark is a Non-Executive

Director (NED) and Member of the Supervisory Board of the NORMA Group, Germany,

and of Novem Car Interior Design, Germany/Luxemburg.

"It is an honor to welcome Rolf and Mark to KA's BOD. Their collective industry

experience and proven track record will be a strong asset to the Board as KA

charts its way forward to realize its full potential," says Firas Abi-Nassif,

Chairman of KA`s BOD.

"On behalf of KA, I would like to extend a warm welcome to Rolf and Mark," says

Joerg Buchheim, President & CEO of KA, adding, "They bring unique professional

experiences-from engineering to business. I am convinced that their knowledge in

the automotive industry will be invaluable for KA as we work towards continuing

to shape our exciting future."

KA bids farewell to Peter Schmitt and Gerard Cordonnier, thanks both for their

service, and wishes them all the best.

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information

at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

Media contact:

Therese Sjoborg Skurdal

[email protected]

+47 982 14 059

Investor relations contact:

Jakob Bronebakk

[email protected]

+47 906 39 637

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