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The Independent Automotive Aftermarket Federation

Prof Dr Wolfgang Ziebart designated for chairmanship of the HELLA Shareholder Committee

Date: Wednesday 10 August 2022

At its recent meeting, the Shareholder Committee of HELLA GmbH & Co. KGaA (“HELLA”) resolved to propose to HELLA’s Annual General Meeting on 30th September 2022, that automotive manager Prof Dr Wolfgang Ziebart be elected as independent member of the company’s Shareholder Committee. If elected, Wolfgang Ziebart is to assume the chairmanship from Carl-Peter Forster, who announced at the beginning of April 2022 that he would step down at the end of the Annual General Meeting on 30th September 2022.

“In Wolfgang Ziebart, we are nominating a very experienced manager with excellent industry expertise to the Shareholder Committee. He also brings many years of experience in the strategic management of technology companies, as well as in the committee work of listed companies”, says Carl-Peter Forster, Chairman of the HELLA Shareholder Committee. “With the addition of Wolfgang Ziebart, the Shareholder Committee will be excellently positioned to continue the HELLA success story.”

Wolfgang Ziebart (72) spent more than twenty years in various management positions at the automotive manufacturer BMW. A doctor of mechanical engineering, he has held various management board positions at other well-known automotive and technology companies throughout the course of his career, including Continental, Infineon and Jaguar Land Rover. Since July 2012, Ziebart has chaired the Supervisory Board of wind turbine manufacturer Nordex, and he is also Deputy Chairman of the Supervisory Board of automotive supplier Webasto.

The Shareholder Committee is the authoritative control and advisory body of HELLA GmbH & Co. KGaA. Together with the Supervisory Board, it advises the management and rules on management actions that require approval. On the majority shareholder’s side Faurecia, Olivier Durand, Executive Vice President and Chief Financial Officer of Faurecia, joined the Committee as of 14th July 2022. He succeeded Michel Favre, after the latter took over as Chairman of the HELLA Management Board on 1st July 2022, leaving the Shareholder Committee in the process.

The Annual General Meeting of HELLA GmbH & Co. KGaA takes place on 30th September 2022. Detailed information on the nomination, as well as on the other items on the agenda, will be provided in the Annual General Meeting invitation, which HELLA expects to publish in the German Federal Gazette and on the company’s website in mid-August 2022.