Corporate News

SAF-HOLLAND: New segmentation in corporate management
 

- Mike Ginocchio appointed as president of the combined APAC_I/China region as of January 1, 2020

- Since 1995 working in various operating management positions at SAF-HOLLAND

- Track record in the areas of technical development, product planning, business development and post-merger integration

Luxembourg, December 10, 2019. Mike Ginocchio, President of the Asia Pacific region (APAC) and member of the Group Management Board of SAF-HOLLAND Group, will additionally assume responsibility for the China region effective January 1, 2020. The two regions will be combined as of 2020 to form the APAC_I/China region. As of January 1, 2020, SAF-HOLLAND will consist of the EMEA, Americas and APAC_I/China regions.

Mike Ginocchio worked for SAF-HOLLAND in the USA from 1995 through 2015 in various staff and operational management positions in the areas of technical development, product management, product planning, business development and strategic purchasing. In January 2016 he was appointed Vice President of the APAC region. On January 1, 2019, Mr. Ginocchio became the president of the APAC region and a member of the Group Management Board of SAF-HOLLAND.

Mike Ginocchio is a graduate engineer and postdoctoral lawyer. He initially studied mechanical engineering at the Marquette University in Milwaukee, Wisconsin, followed by law at the Chicago-Kent College of Law in Chicago, Illinois.

Alexander Geis, CEO of SAF-HOLLAND says: "I am very pleased that Mike Ginocchio will assume responsibility for a broader range of activities. He and his team were very successful in integrating the York Group, India, which was acquired last year, into the SAF-HOLLAND Group. With regard to the Chinese market he will consistently complete the relaunch and put us back on the road to success there."

 

 

About SAF-HOLLAND

SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of approximately EUR 1,301 million in 2018, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components primarily for trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, Holland, Neway, KLL, V.Orlandi and York. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEM) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer industry that is internationally positioned in almost all markets worldwide. With the innovation campaign "SMART STEEL - ENGINEER BUILD CONNECT" SAF-HOLLAND combines mechanics with sensors and electronics and drives the digital networking of commercial vehicles and logistics chains. Approximately 4,000 committed employees worldwide are already today working on the future of the transportation industry.

Contact

Michael Schickling
Head of Investor Relations and Corporate Communications
Tel: +49 (0) 6095 301 617

Future-oriented statements

This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND S.A. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.

Notes

This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND S.A. does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.