Detlef Borghardt resigns from his position as Chairman of the Management Board of the SAF-HOLLAND Group as of the end of February 25, 2019. SAF-HOLLAND S.A. and Detlef Borghardt mutually agreed to terminate his mandates for the SAF-HOLLAND Group effective as of February 26, 2019. Detlef Borghardt will hand over his functions with immediate effect to Alexander Geis, who is currently responsible as a member of the Management Board for the EMEA region and global procurement and has now been appointed the new CEO by SAF-HOLLAND S.A.