The Shareholders’ Committee of Hella GmbH & Co. KGaA (“Hella”) decided to propose to General Meeting on 30 September 2022 to elect the automotive manager Prof. Dr. Wolfgang Ziebart as an independent member of the company’s Shareholders’ Committee. Ziebart was CEO of chip manufacturer Infineon from 2004 to 2008, where he was responsible for major decisions.
If elected, Wolfgang Ziebart will take over the chairmanship from Carl-Peter Forster, who had already announced that he would resign from office at the end of the Annual General Meeting on 30 September 2022. “With Wolfgang Ziebart, we are proposing a very experienced manager who has excellent industry expertise. 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 Shareholders’ Committee. “
Wolfgang Ziebart (72) held various management positions at car manufacturer BMW for over twenty years. In addition, the mechanical engineer with a doctorate in engineering held various board positions at other automotive and technology companies during his career, including Continental and Jaguar Land Rover. During his stint as CEO of Infineon, he was responsible for the spin-off of the memory chip business into company Qimonda which filed for insolvency in 2009. Since July 2012, Ziebart has chaired the supervisory board of wind turbine manufacturer Nordex and is also deputy chairman of the supervisory board of automotive supplier Webasto.
The Shareholders’ Committee is the authoritative control and advisory body of Hella GmbH & Co. KGaA. On the side of the majority shareholder Faurecia, Olivier Durand, Executive Vice President and Chief Financial Officer of Faurecia, was appointed to the committee on 14 July 2022. He succeeded Michel Favre, who took over as Chairman of the Hella Executive Board on 1 July 2022 and left the Shareholders’ Committee as a result.
The Annual General Meeting of Hella GmbH & Co. KGaA will take place on 30 September 2022.
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