HELLA GmbH & Co. KGaA: Departure of Michel Favre (CEO), Chairman of the Management Board, as of 31 December 2023; appointment of Bernard Schäferbarthold as the new Chairman of the Management Board
September 29, 2023 at 05:25 pm IST
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EQS-Ad-hoc: HELLA GmbH & Co. KGaA / Key word(s): Personnel/Personnel
HELLA GmbH & Co. KGaA: Departure of Michel Favre (CEO), Chairman of the Management Board, as of 31 December 2023; appointment of Bernard Schäferbarthold as the new Chairman of the Management Board
29-Sep-2023 / 13:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
HELLA GmbH & Co. KGaA:Departure of Michel Favre (CEO), Chairman of the Management Board, as of 31 December 2023; appointment of Bernard Schäferbarthold as the new Chairman of the Management Board
Lippstadt, 29 September 2023. The Shareholders’ Committee of HELLA GmbH & Co. KGaA ("HELLA") decided by mutual agreement with Mr. Michel Favre (CEO) today that Mr. Michel Favre will depart from the Management Board and the position as Chairman of the Management Board of HELLA with effect from end of 31 December 2023. The Shareholders’ Committee appointed Mr. Bernard Schäferbarthold, currently CFO and in charge of the finance and controlling division within the Management Board, as the new Chief Executive Officer with effect from 1 January 2024. Bernard Schäferbarthold will continue to be responsible for the CFO function in combination of his new position, until a successor is appointed.
End of Inside Information
29-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
HELLA GmbH & Co. KGaA
Rixbecker Str. 75
59552 Lippstadt
Germany
Phone:
+49 (0)2941 38-7125
Fax:
+49 (0)2941 38-6647
E-mail:
Investor.Relations@hella.com
Internet:
www.hella.de/ir
ISIN:
DE000A13SX22, DE000A3E5DP8
WKN:
A13SX2, A3E5DP
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange
HELLA GmbH & Co KgaA, formerly Hella KGaA Hueck & Co, is a Germany-based manufacturer of lighting technology and electronic components and systems for the automotive industry. The Company operates through three segments: Automotive, Aftermarket and Special Applications. The Automotive segments comprises the lighting and electronics business and provides headlamps, signal lamps, interior lamps and lighting electronics, as well as body electronics, energy management and driver assistance systems and components. The Aftermarket segment comprises trade in automotive parts and accessories, calibration and diagnostic services for garages, and the wholesale business. The Special Applications segment comprises original equipment for special-purpose vehicles, such as busses, caravans, agricultural and construction machinery, municipal vehicles and trailers. It develops and manufactures lighting, electronic components, and systems and offers spare parts, chassis side lights, and accessories.
HELLA GmbH & Co. KGaA: Departure of Michel Favre (CEO), Chairman of the Management Board, as of 31 December 2023; appointment of Bernard Schäferbarthold as the new Chairman of the Management Board