Dr. Matthias Heiden, Chief Financial Officer (CFO) of the SAF-HOLLAND Group, has informed the Board of Directors that he would like to terminate his contract of service at the end of 2020 at the latest as he will pursue a new professional challenge. Dr. Heiden has been a member of the Group Management Board of SAF-HOLLAND since March 1, 2017 and is responsible for the areas of Finance, Accounting and Controlling, Internal Audit, IT, Legal and Compliance, Human Resources, Corporate Social Responsibility as well as Investor Relations and Corporate Communications. The Board of Directors has started a selection process to identify a suitable successor for Dr. Heiden.

Until his departure - at the latest by the end of 2020 - Dr. Heiden will continue to fully perform his duties. It is possible that an earlier termination date will be agreed on by mutual consent.