DGAP-News: HELLA GmbH & Co. KGaA: Klaus Kühn resigns as Chairman of the Supervisory Board and as a member of HELLA’s Shareholders’ Committee
DGAP-News: HELLA GmbH & Co. KGaA
/ Key word(s): Personnel
Lippstadt, 1 August 2022
Klaus Kühn resigns as Chairman of the Supervisory Board and as a member of HELLA’s Shareholders’ Committee
The Chairman of the Supervisory Board and the member of the Shareholders’ Committee of HELLA GmbH & Co. KGaA (“HELLA”), Klaus Kühn, has informed the Management Board today that he will resign from his mandate on the Supervisory Board and the chairmanship thereof as well as his mandate on the Shareholders’ Committee at the end of the HELLA Annual General Meeting on 30 September 2022 for personal reasons. A decision is to be taken in the near future on an appropriate succession plan, which will then be put to the Annual General Meeting for approval.
Klaus Kühn has been an independent member of HELLA’s Shareholders’ Committee since 2010, and a member of the Supervisory Board since 2014, assuming the role as the Board’s Chairman in 2019. His previous positions included several years as Chief Financial Officer at Bayer AG. “I am grateful for having been able to provide HELLA with advice and support, and guide the company’s development over such a long period”, says Klaus Kühn. “At the same time, I would like to express my thanks for the trust that has been placed in me. As a member of the Shareholders’ Committee and the Supervisory Board, I have always been fully committed to the company, and will continue to be so in the coming weeks in the interests of an orderly transition.”
Carl-Peter Forster, Chairman of the HELLA Shareholders’ Committee, expressed his personal thanks and respect to Klaus Kühn: “It is with great regret that we have accepted Mr Kühn’s decision to resign from his positions at HELLA. Mr Kühn has played a decisive role in shaping HELLA’s development in recent years, such as with the 2014 IPO and many other strategic decisions, not least due to his considerable financial expertise and extensive management experience. In view of all these achievements, and his exceptional work on the two bodies, we owe Mr Kühn our deepest gratitude.”
Please note: This text and corresponding photo material can also be found in our press database at: www.hella.com/press
HELLA is a listed, internationally positioned automotive supplier operating under the umbrella brand FORVIA. Within this factual group, HELLA stands for high-performance lighting technology and automotive electronics. At the same time, the company covers a broad service and product portfolio for the spare parts and workshop business as well as for manufacturers of special vehicles with its Business Group Lifecycle Solutions. HELLA has 36,000 employees at more than 125 locations worldwide and generated preliminary currency and portfolio-adjusted sales of € 6.2 billion in the fiscal year 2021/2022.
FORVIA comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 300 industrial sites and 77 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of six Business Groups with 24 product lines, and a strong IP portfolio of over 14,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMS worldwide. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com
For more information, please contact:
Dr. Markus Richter HELLA GmbH & Co. KGaA
01.08.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||HELLA GmbH & Co. KGaA|
|Rixbecker Str. 75|
|Phone:||+49 (0)2941 38-7125|
|Fax:||+49 (0)2941 38-6647|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange|
|EQS News ID:||1410389|
|End of News||DGAP News Service|
Currently there is a rather positive sentiment for HELLA GmbH & Co. KGaA with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of €68.00 is below the current price of €68.45 for HELLA GmbH & Co. KGaA, so the potential is actually -0.657%.