DGAP-News

SAF-HOLLAND S.A. appoints Dr. Matthias Heiden as its new CFO

DGAP-News: SAF-HOLLAND S.A. / Key word(s): Change of Personnel
SAF-HOLLAND S.A. appoints Dr. Matthias Heiden as its new CFO

10.10.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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SAF-HOLLAND appoints Dr. Matthias Heiden as its new CFO

Luxembourg, October 10, 2016 - The Board of Directors of the SDAX-listed
SAF-HOLLAND S.A. has appointed Dr. Matthias Heiden (43) as its new Chief
Financial Officer (CFO) effective March 1, 2017.

As the new CFO and Management Board member of the SAF-HOLLAND Group, Dr.
Heiden, a seasoned financial executive, will be responsible for the areas
of Finance, Accounting and Controlling, IT, Legal and Compliance, Human
Resources, and Investor Relations and Corporate Communications.

Dr. Heiden holds a degree in business administration and a PhD in
economics. In addition to his apprenticeship at Deutsche Bank in London, he
studied business & finance at Suffolk College, UK. He then continued his
career at Deutsche Bank Saar AG and completed a dual-study program at the
University of Saarland with a degree in business administration. He
graduated from the university's Institute for Accounting and Auditing with
a doctorate degree in economics. Following assignments at Arthur Andersen
Business Consulting and EY, Dr. Heiden joined SAP SE as assistant to the
Executive Board and then held executive positions, among others, in
Corporate Financial Reporting. He was also the CFO of SAP Svenska AB and
SAP's Head of Global Treasury. Dr. Heiden then became the CFO of SAP's
German subsidiary in October 2014 to then take an enhanced role as Regional
CFO for Middle and Eastern Europe.

"We are highly confident that Dr. Heiden together with his fellow
Management Board members will successfully execute SAF-HOLLAND Group's
growth Strategy 2020 and that he will make a significant contribution to
achieving our 2020 financial targets", explained Bernhard Schneider,
Chairman of the Board of Directors of SAF-HOLLAND S.A. "Dr. Heiden's wide-
ranging knowledge of global accounting and reporting structures and his
vast experience in all aspects of financing will prove particularly
advantageous in the global expansion of the SAF-HOLLAND Group. His industry
background will be a great asset not only for optimizing our global
processes but also in progressing with the digitalization of our group of
companies. We are very much looking forward to working with him," added
Detlef Borghardt, CEO of SAF-HOLLAND.

Dr. Heiden will assume his new role at SAF-HOLLAND on March 1, 2017. He