Leoni AG Supervisory Board adopts proposal for election of shareholder representatives

Dr Klaus Probst to take over Chairmanship – Further rejuvenation of the board

Nuremberg – Following its meeting today, the Supervisory Board of Leoni AG, the leading European provider of cables and cable systems to the automotive sector and other industries, adopted the proposal for the regular election of the Supervisory Board’s shareholder representatives. The suggestion will be presented at the upcoming Annual General Meeting on 11 May 2017. Dr Elisabetta Castiglioni (52) and Dr Klaus Probst (63) have been newly nominated to the Supervisory Board. Ingrid Hofmann (62) and Prof. Dr Klaus Wucherer (72) will not stand again.

Dr Castiglioni is the CEO of A1 Digital GmbH in Vienna. She has diverse international experience in the technology, media and telecommunications industry, including positions with Siemens and Telekom Austria. In particular, she will bring her expertise in digitisation to the Leoni AG Supervisory Board.

Dr Probst was CEO of Leoni AG from 2002 until the end of the annual general meeting of 2015. He has shaped the company for over 25 years and is one of the most knowledgeable experts in the industry. Dr Probst is Chairman of the Supervisory Board at Grammer AG.

Subject to the vote that is intended to take place in the newly set up Supervisory Board of Leoni AG, Dr Werner Rupp will hand over his position as Chairman of the Board to Dr Probst after holding the role for 10 years. Dr Rupp said: “After so many exciting years in the office, I am delighted that Dr Probst is willing to take up the torch and create important momentum for Leoni’s future.”

Ingrid Hofmann will leave the Supervisory Board after six years in order to focus more strongly on the upcoming internationalisation of the Hofmann group company. Prof. Dr Wucherer, who has been a member of the Supervisory Board since 2007, will strengthen his activities in Asia and, as such, is not standing again. Dr Rupp: “I thank Mrs Hofmann and Prof. Wucherer in the name of the Supervisory Board for their long-standing, committed and highly competent collaboration. Both were always prudent counsellors, particularly during the challenges of the recent past, which the Supervisory Board addressed with resolve.”

Dr Ulrike Friese-Dormann (45), Dr Werner Lang (49), Prof. Dr Christian Rödl (47) and Dr Werner Rupp (69) will be proposed for re-election.

Chairman of the Supervisory Board Dr Rupp further comments: “It is a huge asset for the company that Leoni can count on Dr Castiglioni’s and Dr Probst’s expertise in the future. If the AGM agrees with our proposal, Leoni’s Supervisory Board will be excellently positioned in every respect to be able to master the upcoming challenges, and will be further rejuvenated with regards to the age structure of its members. We are delighted that, with Dr Castiglioni, we have gained a first-rate expert for digitisation, a trend that will also shape Leoni’s future. Dr Probst has contributed significantly to the company’s success for many years and is one of the most knowledgeable experts in the cable and automotive industry as well as in the capital market.”