SAF-Holland S.A. announced resignation of Martina Merz as Chairwoman of the Board of Directors. Former Vice Chairman Dr. Martin Kleinschmitt takes over the mandate. Martina Merz remains a member of the Board of Directors. Martin Kleinschmitt, member of the Board of Directors of SAF-Holland S.A. since March 2013 and the Vice Chairman of the Board since April 2017, assumes in his capacity as Vice Chairman of the supervisory body the tasks of Martina Merz who resigned from her position as Chairwoman for personal reasons. Martina Merz will remain a member of the Company's Board of Directors. Most recently she served as Chief Financial Officer and Human Resources Officer of Herlitz AG.