Leoni's President & CEO Dieter Bellé to retire early on 31 January 2018

Termination of office mutually agreed

Nuremberg - The Supervisory Board of Leoni AG and the Company's President & CEO, Dieter Bellé, today agreed on his early departure from the Management Board effective 31 January 2018.

Dieter Bellé thereupon, with the Supervisory Board’s understanding, resigned his mandate as member and chairman of the Management Board effective 31 January 2018 and will leave the Management Board at that time. The Supervisory Board intends to appoint a successor soon.

Dr.-Ing. Klaus Probst, Chairman of the Supervisory Board, commented: “Following a string of challenges in the past few years, Dieter Bellé and his Management Board team prevailed in leading the Leoni Group back onto a track of success. On behalf of the Supervisory Board, I thank Mr Bellé for his many years of successful work for Leoni as well as for his great commitment.”