SAF-HOLLAND S.A. / Change of Personnel 28.01.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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-HOLLANDs 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 GmbHs 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 DGAP 28.01.2009 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: SAF-HOLLAND S.A.: Dr. Reiner Beutel Succeeds Rudi Ludwig as CEO
| Source: EQS Group AG