Changes to the Executive Board functions and new appointment to the Supervisory Board of ARADEX AG

Lorch, 2018-02-13 – Changes were made to the Executive Board of ARADEX AG February 2, 2018. Michael Schlingmann, Chief Financial Officer (CFO) since 2000, has taken on the duties of Chief Executive Officer (CEO). Thomas Vetter, former Chairman of ARADEX AG, has assumed the role of CTO to manage the rapidly growing tasks in the field of technology and innovation.

The company is thus taking account of the increasingly challenging requirements in the areas of electric drive technology for stationary applications and electric mobility. Gerd Günther remains Chief Operating Officer (COO). He has been a member of the ARADEX Executive Board Trio since 2014.

Dr. Dieter Kress, Managing Director of MAPAL KG until the end of 2017, requested to resign from his position as Chairman of the Supervisory Board of ARADEX AG for reasons of age. New Chairman of the Supervisory Board is Norbert Haug, who was elected to the Supervisory Board member in February 2, 2018.

The other members of the Supervisory Board remain in their posts: h.c. Rudolf Böhmler, State Secretary (retired), has been on the board since its inauguration in 2000 and Prof. Dr. Michael Auer, CEO of the Steinbeis Foundation (since 2005).

The new ARADEX Supervisory Board Chairman Norbert Haug was Head of Motorsport at Mercedes-Benz for over 22 years and is responsible for all international motorsport activities of the brand with successful campaigns in Formula One, the DTM, the American Indy Car series, the international GT Sport and the promotion and development of successful junior racers from Formula 3 to title wins in the Formula 1 World Championship. For more than two decades, Haug has been with Mercedes-Benz on the board of directors of Mercedes-Benz Formula One partner McLaren, the Mercedes Formula One engine company High Performance Engines and the Mercedes AMG Formula One factory team.

Michael Schlingmann, CEO of ARADEX on the new appointments to the Executive and Supervisory Boards: "ARADEX AG, with its team layout takes into account the increasingly comprehensive requirements of our industry. As a competent and agile specialist and system partner for electrification, we see ourselves as well prepared. We have adopted ambitious goals and will master them with the competence and team play of the Supervisory Board, Management Board, our executives and our employees."