Kongsberg Automotive

Board/Management Information • May 3, 2021

New CEO Joerg Buchheim in the driver seat at Kongsberg Automotive

New CEO Joerg Buchheim in the driver seat at Kongsberg Automotive

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Zurich, May 3, 2021 - Joerg Buchheim has taken up his new role as Chief

Executive Officer

and President of Kongsberg Automotive ASA as of May 1, 2021. He brings more than

20 years of international executive leadership experience in the automotive

supply industry and a vast personal industry network to the organization. Joerg

Buchheim will be responsible for writing the next chapter in Kongsberg

Automotive's history and developing its substantial business potential in close

alignment with the leadership team and the entire workforce.

Joerg Buchheim's key responsibility will be to advance Kongsberg Automotive's

position as market leader, and to make full use of the company's significant

potential through strong innovation. He will also be tasked with further

strengthening the company's geographical footprint. In his previous positions,

he successfully shaped a profitable growth path as President and CEO for the

automotive roof specialist Inalfa Roof Systems. He also played a pivotal role in

profitably growing the Chinese market as President and CEO of HELLA, a leading

Tier 1 lighting and electronics company.

"Joerg is a highly experienced automotive industry leader, and the best person

to lead Kongsberg Automotive in its next phase of development. He has a proven

track record in structuring, growing,

and realigning automotive supplier businesses, and brings a wealth of experience

through his successful prior roles at multinational companies", says Firas Abi

-Nassif, Chairman of the Board. "Joerg commands a solid grasp of industry

trends, strong strategic vision and in-depth operational know-how. I speak for

the entire Board when I say that we are delighted to welcome him to Kongsberg

Automotive."

"I am humbled by the heritage of Kongsberg Automotive and very much look forward

to my new role

at this great company with its highly committed people. I will strongly focus on

further developing Kongsberg Automotive in its next phase as a truly global

player", adds Joerg Buchheim. "During the next 100 days, I will focus on

discussions with our internal teams and our valued external partners. I am

grateful to the team for going the extra mile for our customers, and to our

trusted partners for allowing us to secure our supply chain."

Norbert Loers and Robert Pigg, Kongsberg Automotive's co-CEOs ad interim, will

return to their previous roles and responsibilities as CFO and Senior Vice

President Off-Highway, respectively. The Board of Directors would like to thank

them both again for their exceptional professionalism and outstanding effort

during the time they carried out their dual responsibilities.

Kongsberg Automotive is well-positioned to navigate out of the pandemic thanks

to a strong order book resulting from successful business wins over the last

years, by leveraging its strengths of being close to its customers, and by

focusing on research and development as well as on sustainability.

Media contact

Therese Sjoborg Skurdal

therese.skurdal@ka-group.com

+47 982 14 059

About Kongsberg Automotive ASA

Kongsberg Automotive provides world class products to the global vehicle

industry. Our products enhance the driving experience, making it safer, more

comfortable and sustainable. With approximately 11,000 employees in 19

countries, Kongsberg Automotive is truly a global supplier. The company has more

than 27 production facilities worldwide. The product portfolio includes seat

comfort systems, driver and motion control systems, fluid assemblies, and

industrial driver interface products developed for global vehicle manufacturers.

Find more information at www.kongsbergautomotive.com.