Regensburg, October 4, 2021. The Supervisory Board of Vitesco Technologies Group AG, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, took key personnel decisions at its constituent meeting today. The 16-member board unanimously elected Professor Siegfried Wolf as Chairman of the Supervisory Board. The 63-year-old Austrian investor and entrepreneur has been appointed until the first Annual General Meeting of Vitesco Technologies Group AG. At that Annual General Meeting in May next year, Professor Wolf will stand for election by shareholders. Employee representative Ralf Schamel was today elected as Deputy Chairman of the Supervisory Board.

"I am delighted to be able to play an important role for the future of Vitesco Technologies as Chairman of the Supervisory Board and would like to express my sincere thanks for the trust placed in me by the members of the Board," said Professor Siegfried Wolf following his election. "We will support the company's decisive focus on e-mobility and its further development as a listed company," Wolf added.

Business unit heads appointed to the Management Board

As announced in the prospectus, the Supervisory Board also passed a resolution to appoint the heads of the Sensing & Actuation and Electrification Technology business units to the Management Board to ensure that business unit leadership and accountability are directly embedded at the Management Board level. As a result, Klaus Hau, head of Sensing & Actuation business unit, and Thomas Stierle, head of Electrification Technology business unit, will join the Management Board with immediate effect. CEO Andreas Wolf will continue to head the Electronic Controls business unit on an interim basis. CFO Werner Volz leads the Contract Manufacturing business unit consisting of the contract manufacturing activities between Continental and Vitesco Technologies, which - as previously communicated - will be phased-out in the coming few years.

Previously, the Management Board of Vitesco Technologies Group AG consisted of Andreas Wolf (CEO), Werner Volz (CFO) and Ingo Holstein (CHRO).

Curriculum Vitae

Professor Siegfried Wolf

Professor Siegfried Wolf was born in 1957 in Feldbach, Austria. Between 1974 and 1981 Professor Wolf was professionally trained as tool and die maker at PHILIPS and a member of technical staff in the quality laboratory while simultaneously pursuing his studies in engineering at the college of Applied Sciences in Vienna, Austria. After completing his training, he worked at various companies with a focus on quality control until 1995. In 1995, he joined the Magna International group and held various managing functions until he became chief executive officer of Magna International Inc from 2005 until 2010. In 2010, he joined the Russian Machines Group and served as chairman of the board of directors until 2018 as well as chairman of the board of OJSC GAZ Group (2010-2019). From 2011 until 2014, he has also overseen construction assets of Basic Element group.

Professor Wolf sits on the boards of several leading international businesses (Porsche SE, Continental AG, Schaeffler AG, MIBA AG, CMBlu Energy AG) and is chairman of the board of Sberbank Europe AG. In June 2020, Professor Wolf was re-appointed as a member of the supervisory board of OJSC GAZ Group.

Ralf Schamel

Ralf Schamel was born in 1972. He completed a commercial apprenticeship in Erlangen, Germany, and began his career in various IT functions at Frank Elektronik GmbH in Erlangen and Nuremberg, both Germany. From 1999, he worked in quality management at General Electric in Freiburg, Germany, most recently as chairman of the general works council, and in 2015 moved to IG Metall.

Ralf Schamel is currently the union secretary on the executive board of IG Metall and in this role is a corporate manager for the Continental Group and for Vitesco Technologies. Since April 2020, he has been a member of the supervisory board of Continental Automotive GmbH and has been deputy chairman there since September 2021.

Klaus Hau

Since January 1, 2019, Klaus Hau (born in 1964) is responsible for the Sensing & Actuation business unit within Vitesco Technologies, which was formed by merging the former business units Sensors & Actuators and Fuel & Exhaust Management. Before that, he was in charge of the Sensors & Actuators business unit in Continental Group´s Powertrain division since July 1, 2010.

Klaus Hau studied at Friedrich-Alexander University in Erlangen-Nuremberg, Germany. He graduated in 1991 with a master’s degree in electrical engineering, specializing in integrated circuits design.

Afterwards he joined Siemens Semiconductors in Munich as a product marketing trainee. After a business development assignment in Santa Clara, U.S.A, he was appointed global product marketing manager for chip card microcontroller integrated circuits (ICs) in 1993. He then became key account manager at chip card ICs and then global sales manager before he was appointed head of the chip card ICs business unit in 2000. In 2001, after Siemens Semiconductors became Infineon Technologies AG, Klaus Hau joined the Communication ICs division as head of Cellular Radio ICs business unit, responsible for chipsets for mobile phones, before he moved to Regensburg as head of Security Packaging Center, responsible for global chip card module assembly.

In 2009, Klaus Hau joined Siemens VDO in Regensburg as head of Advanced Development, where he then became head of sub-division Smart Sensors, with global responsibility for the powertrain sensors business.

Thomas Stierle

Since November 2018, Thomas Stierle (born in 1969) has been head of the Electrification Technology business unit at Vitesco Technologies (formerly Hybrid & Electric Vehicle business unit of the Continental Group).

Thomas Stierle started his career in 1995 at Siemens in Regensburg in electronics development for side impact sensors, then worked in a research project on infrared-based occupant positioning sensing.

From 1999 until 2004 he focused on the hardware development for airbag control units in Auburn Hills, U.S.A. He holds an electrical engineering degree specializing in cellular neural networks design from Technical University of Dresden.

He held multiple general management positions in the engine actuator product field with increasing complexity and magnitude, ending in head of product line Actuators within the Sensors & Actuators business unit of Continental Automotive GmbH (from October 2008 to October 2018) as well as in Passive Safety and then in Advanced Driver Assistance Sensing (ADAS), ending in global R&D manager for ADAS of Siemens VDO (2000 to 2007).