DGAP-News: HELLA GmbH & Co. KGaA: Termination of office by mutual agreement with Chairman of the Management Board Dr. Rolf Breidenbach

Dr. Rolf Breidenbach will end his position as Chairman of the HELLA Management Board by mutual agreement at mid-year

- CEO Dr. Rolf Breidenbach and HELLA Shareholders' Committee have agreed to terminate the current CEO contract by mutual agreement on June 30, 2022

- "With Faurecia as HELLA's new majority shareholder, the way is now paved for a successful future," says Dr. Breidenbach

- Chairman of the Shareholders' Committee Carl-Peter Forster praises Breidenbach's achievements for the company over the past 18 years and expresses his utmost gratitude to him

- Dr. Breidenbach will continue to closely monitor the integration with Faurecia until his departure; it is intended that he will continue to support the de facto group in an advisory capacity beyond this date

- Decision on successor to be made in a timely manner

After more than 18 years in office, the Chairman of the HELLA Management Board, Dr. Rolf Breidenbach (59), today reached an agreement with the Shareholders' Committee of HELLA GmbH & Co. KGaA to terminate his management contract, which is due to expire on January 31, 2024, by mutual agreement on June 30, 2022. Until then, Dr. Rolf Breidenbach will perform his duties in full and ensure a smooth transition. A decision on a corresponding successor is to be made in a timely manner by the Shareholders' Committee.

"The decision to leave HELLA after such a long time was not easy for me. But with Faurecia as HELLA's new majority shareholder, the way is now paved for a successful future. The two companies complement each other perfectly. It was therefore a particular concern of mine to prepare the integration in the best possible way. This milestone has now been reached," says HELLA CEO Dr. Rolf Breidenbach. "I am grateful for having been able to drive the development of the company over such a long period of time together with the global HELLA team. I would also like to express my particular gratitude for the great trust placed in me by the shareholders and corporate boards over all these years. Without this strong backing and the support of the more than 36,000 HELLA colleagues worldwide, this success would not have been possible."

Patrick Koller, CEO of Faurecia, says: "Dr. Breidenbach's decision is understandable. He has left behind an extremely well-tilled field. HELLA is an excellently positioned company with a strong future. In particular, we would like to thank Mr. Breidenbach for the close and constructive cooperation over the past months. We will continue this trusting cooperation without restriction until his departure. Furthermore, it is intended that Dr. Breidenbach will continue to support the de facto group in an advisory capacity beyond this date."

Carl-Peter Forster, Chairman of the HELLA Shareholders' Committee adds: "Although deeply regret Dr. Breidenbach's decision, we of course respect it. In his role as Chairman of the Management Board, Dr. Breidenbach has significantly advanced the development of the company over the past 18 years and excellently positioned HELLA as one of the world's leading suppliers of lighting technology and automotive electronics. For these achievements, he deserves our utmost thanks."

Dr. Rolf Breidenbach joined the family-owned company HELLA as Chairman of the Management Board in January 2004. The mechanical engineer with a doctorate in engineering was thus the first non-family manager to head the company. Together with the long-standing personally liable managing general partner, Dr. Jürgen Behrend, he formed HELLA into a leading global automotive supplier and successfully took the company public in November 2014. In addition to his role as CEO, Dr. Breidenbach was also repeatedly responsible for key business areas of the company over a long period of time, including the Electronics division, where he positioned HELLA in particular in key future fields such as electromobility and autonomous driving.

Please note: This text and corresponding photo material can also be found in our press database at: www.hella.de/presse

HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a global automotive supplier with over 125 locations in some 35 countries. With currency and portfolio-adjusted sales of € 6.5 billion in fiscal year 2020/2021 and more than 36,000 employees, HELLA is one of the world's leading automotive supplier companies. HELLA specialises in innovative lighting systems and vehicle electronics and has been an important partner to the automotive industry and aftermarket for more than a century. Furthermore, in its Special Applications segment, HELLA develops, manufactures and sells lighting and electronic products for specialist vehicles.

For more information, please contact:

Dr. Markus Richter HELLA GmbH & Co. KGaA
Company spokesman Rixbecker Straße 75
Tel.: +49 (0)2941 38-7545 59552 Lippstadt / Deutschland
Markus.Richter@hella.com www.hella.com