Industrial and financial specialist to shape SAF-Holland’s corporate development

SAF-Holland has appointed Ingrid Jägering as a member of the Board of Directors and Chair of the Audit Committee in its latest Board meeting.

Jägering is a full-time member of the Board of Directors and the CFO of the listed company LEONI, based in Nuremberg. Her areas of responsibility include Accounting, Controlling, Data Protection, Finance & Treasury, Information Management, Information Security, Internal Audit, Risk & Insurance and Taxes.

Jägering began her professional career in 1986 at Siemens, where she held various executive positions within the Group in Germany and abroad until 2012 (Siemens VDO Automotive in Auburn Hills/USA, Siemens Wind Power in Brande/Denmark, among others). In the period from 2012 to 2016, she held the role of Managing Director and CFO at various divisions of MAN Diesel & Turbo SE. She then served as the Managing Director, CFO, and Labour Director at OSRAM Semiconductors until July 2019.

“We are very pleased to welcome Ingrid Jägering to our board,” said SAF-Holland Chair of the Board of Directors, Dr Martin Kleinschmitt.

“With her extensive industry background and financial expertise, she is the ideal new appointment to our Board of Directors. With her appointment, we are also fulfilling the recommendations of the German Corporate Governance Code and important international proxy advisers with respect to the appropriate number of independent members and the appointment of an independent member as the chair of the audit committee.”

“I look forward to using my knowledge and experience to support SAF-Holland in this interesting and challenging phase of its corporate development,” said Jägering.

In the same meeting, Dr Kleinschmitt was elected as the new Chair of the Board of Directors. Dr Kleinschmitt succeeds Martina Merz, who resigned from this position for personal reasons in September 2019 and has now been elected as Vice Chair.

“I have been a member of the SAF-holland Board of Directors since March 2013 and its Vice Chair since April 2017,” he said.

“I look forward to serving as the Chair of the Board of Directors in the future.

“On behalf of the entire board, I would like to thank Martina Merz for her excellent work. She has contributed significantly to the professionalisation of our body's work since her appointment as Chair of the Board of Directors in April 2017. I am pleased that she will continue to support me with her wealth of experience as my Vice Chair. We will continue to tackle the upcoming tasks through constructive dialogue with the Group Management Board.”

“We are very pleased that Dr. Kleinschmitt has assumed the office of Chair of the Board of Directors of SAF-Holland S.A,” said SAF-Holland CEO, Alexander Geis.

“Dr. Kleinschmitt is a seasoned expert in the areas of corporate management and financing.

“He is the best qualified to provide the Group Management Board with comprehensive advice,” he said.

Dr. Kleinschmitt is both a banker and a lawyer. He studied law at the University of Berlin and then earned his doctorate at the Free University of Berlin. Between 1991 and 2000, he held various management positions at Herlitz and Herlitz Falkenhöh, most recently as Chief Financial Officer and Human Resources Officer of Herlitz. Since 2001 he has been a partner in the international law firm Noerr LLP and is a member of the Executive Board of Noerr Consulting, where he works as a consultant and interim manager in the areas of corporate finance and restructuring.

This month, SAF-Holland launched its SMAR-te Tire Pilot.

(Image: Ingrid Jägering.)

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