ElringKlinger : creates dedicated Management Board role for e-mobility - Reiner Drews appointed COO

ElringKlinger creates dedicated Management Board role for
e-mobility - Reiner Drews appointed COO

Dettingen/Erms (Germany), March 23, 2018 +++ Having focused to an increasing extent on electromobility, ElringKlinger will now introduce a dedicated Management Board function for this area. It is to be headed by Theo Becker. Reiner Drews will be appointed Chief Operating Officer as from April 1, 2018. The Management Board contract of Chief Financial Officer Thomas Jessulat has been extended.

At its meeting on March 23, 2018, the Supervisory Board of ElringKlinger AG passed a resolution for the introduction of a fourth area of Management Board responsibility. Theo Becker, former Chief Operating Officer of the ElringKlinger Group, will assume overall responsibility for this newly created function. Theo Becker will focus on the areas of battery technology and fuel cell technology, in addition to overseeing the integration of the hofer Group. These areas had already been part of his remit as a member of the Management Board. In creating a new Management Board role dedicated to e-mobility, the company has emphasized the importance of this field of business to ElringKlinger's future operations.

Reiner Drews (48), who has been employed at ElringKlinger since September 1, 2006, is currently responsible for the Speciality Gaskets and Cylinder-head Gaskets divisions. As from April 1, 2018, he will take over Management Board responsibility from Theo Becker for manufacturing operations, the German plants, and the area of quality assurance.

"We are delighted that in Reiner Drews as COO we have appointed an acknowledged operations expert, thereby tapping talent developed within our own ranks. Given the current scale of ElringKlinger's business, it is important that Theo Becker can focus entirely on our new fields of business. For ElringKlinger, the area of new drive technologies, in particular, holds tremendous opportunities for the future," says Chief Executive Officer Dr. Stefan Wolf.

In addition, the Supervisory Board extended the contract of Thomas Jessulat (48), Chief Financial Officer of ElringKlinger, by five years as from January 1, 2019, i.e., until December 31, 2023.

For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter@elringklinger.com

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Be it optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive systems. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO₂, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to make refinements with regard to gaskets in order to meet the highest possible standards. Additional solutions include thermal and acoustic shielding components as well as particulate filters and end-to-end exhaust gas purification systems for engines used in stationary and mobile applications. The Group's portfolio is complemented by products made of the high-performance plastic PTFE which are also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,300 people at 45 ElringKlinger Group locations around the globe.