Equipment specialist, SAF-Holland, has appointed a financial expert with many years of industry experience as its new Chief Financial Officer (CFO).
Effective 1 January 2023, Frank Lorenz-Dietz will succeed Wilfried Trepels, who has held the office on an interim basis since May 2022 after the departure of Inka Koljonen.
Lorenz-Dietz will be responsible for the areas of finance, accounting, controlling, corporate audit, IT, law and compliance, strategic projects as well as investor relations, corporate communications and ESG.
SAF-Holland SE Supervisory Board Chairman, Dr Martin Kleinschmitt, was pleased to welcome Lorenz-Dietz to the team.
“In Mr. Lorenz-Dietz we are gaining a proven financial expert with operational industry experience and competence in the area of M&A and integration,” he said.
“We are very pleased that he is coming to us and wish him every success in his new position.”
Lorenz-Dietz began his career in 1998 at Robert Bosch GmbH, where he held various staff and managerial positions with a focus on finance and IT.
In 2016, he took over the position of Vice President Finance and Controlling at the Starter Motors and Generators division, and built up an efficient global organisation for finance, consolidation and treasury.
In 2017, as Chief Financial Officer at SEG Automotive Germany GmbH, he managed the further transformation and integration for the finance area and global IT from 2019.
He also led the company safely during 2020’s difficult economic conditions and implemented the turnaround at SEG Automotive with great success, with the help of an extensive efficiency improvement program.
SAF-Holland SE CEO, Alexander Geis, said Lorenz-Dietz was a perfect match for what the company is looking for.
“Frank Lorenz-Dietz has exactly the experience and skills that we need for the upcoming tasks of integrating the Swedish brake specialist Haldex into the SAF-HOLLAND Group and further improving profitability want in the group,” he said.
“With his international experience, he is a real asset to our management team.
“I would like to take this opportunity to thank Wilfried Trepels for the excellent and trusting cooperation and in particular for his important contribution to the successful takeover of Haldex AB.”