The Supervisory Board of Stabilus S.A. agreed to the request of Chief Executive Dietmar Siemssen to step down from his position as CEO of Stabilus S.A. at the end of the 2018 business year. Supervisory Board Chairman Dr. Stephan Kessel will switch to the Management Board of Stabilus S.A. and take on the role of CEO in an interim capacity effective August 1, 2018, until a successor to Mr. Siemssen is found and appointed. His mandate as a member of the Supervisory Board shall be temporarily suspended for the length of this interim period.

The Supervisory Board has decided to co-opt the former chairman of the Supervisory Board, Udo Stark, as member of the Supervisory Board during that time, it is intended to appoint him as Chairman of the Supervisory Board. In 2014, following the flotation of the company, he joined the newly formed Supervisory Board of Stabilus. At the shareholder meeting on February 14, 2018, he was appointed Chairman of the Supervisory Board.

The Supervisory Board has initiated a search for a new CEO. It is planned that Dr. Kessel returns to his position on the Supervisory Board once the new CEO has been appointed and for Udo Stark's mandate on the Supervisory Board to terminate at such time.