SAF-HOLLAND SE

Board/Management Information • Jan 28, 2009

News Details

Ad-hoc | 28 January 2009 20:11

SAF-HOLLAND S.A.: Dr. Reiner Beutel Succeeds Rudi Ludwig as CEO

SAF-HOLLAND S.A. / Change of Personnel

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Rudi Ludwig (60), Chief Executive Officer of SAF-HOLLAND Group GmbH, will
withdraw from day-to-day operations when his contract expires on February
28, 2009 in accordance with his own wishes. As a member of the Board of
Directors of SAF-HOLLAND S.A., Rudi Ludwig will continue to influence the
strategic direction of the Company and will be at the disposal of the
Company in the changing market environment. His successor as CEO, Dr.
Reiner Beutel (49), will assume his new position on February 2, 2009 in
order to ensure a smooth transition.

Most recently Dr. Reiner Beutel has held several Board of Directors seats
amongst others for Haldex AB, KUKA AG and Mirror Controls International
Prior to this, as CEO and CFO of Schefenacker AG in Schwaikheim, Germany,
his responsibilities included the operational and financial realignment of
this international automotive supplier. An industrial management expert
with much international experience, Reiner Beutel is expected to continue
the growth and globalization strategy initiated by Rudi Ludwig and to
advance SAF-HOLLAND’s development under new economic conditions.

Rudi Ludwig, who served as Chairman of the Management Board since June
2003, launched the former SAF Group (Otto Sauer Achsenfabrik GmbH) on a
successful growth path. As a result of his strategic vision, he more than
tripled the sales of the Company from EUR 243 million to approximately EUR
800 million. Significant milestones were the restructuring of business
processes in the early years, the merger of the German Otto Sauer
Achsenfabrik GmbH with the American company The Holland Group, Inc. in
2006, the IPO of the combined company in 2007 and further acquisitions in
2008 that contributed to the globalization and rounding out of the product
range.

The remainder of the SAF-HOLLAND Group GmbH’s Management Board remains the
same, with Wilfried Trepels as CFO, Sam Martin as COO, Detlef Borghart as
Head of the Trailer Systems Business Unit, Jack Gisinger as Head of the
Powered Vehicle Systems Business Unit and Steffen Schewerda as Head of
Group Operations.

Board of Directors,
Luxembourg, January 28th, 2009
28.01.2009 Financial News transmitted by DGAP

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Language: English
Issuer: SAF-HOLLAND S.A.
68-70, boulevard de la Pétrusse
L-2320 Luxembourg
Luxemburg
Phone: +49 6095 301 - 0
Fax: +49 6095 301 - 260
E-mail: info@safholland.de
Internet: www.safholland.com
ISIN: LU0307018795
WKN: A0MU70
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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