Stefan Pierer ushers in a new era at Leoni

Nuremberg – The Supervisory Board of Leoni AG has a new Chairman in Friedrich Roithner.

"Leoni AG has no time to lose, the operational turnaround must be sustainably achieved now. Especially in view of the further increasing competitive pressure in the automotive industry," says Stefan Pierer, the new sole shareholder of Leoni AG. "In this decisive phase, Friedrich Roithner is the right person to head the Supervisory Board to accompany the necessary transformation."

As Chief Finance Officer (CFO), Friedrich Roithner is a member of the Executive Board of Pierer Industrie AG and has been in the management of the Austrian Pierer Group for a total of more than 15 years. With a degree in business administration, his professional career has given him broad expertise in the field of financial management in an industrial environment, especially in times of transformation. At the top of the Supervisory Board, Friedrich Roithner succeeds Dr Ulla Reisch, who is leaving the board.

Further Supervisory Board members newly elected
Friedrich Roithner was newly elected to the Supervisory Board of Leoni by the general meeting – as were four other members as shareholder representatives. As proposed, Josef Blazicek, Michaela Friepeß, Wolfgang Plasser and Rudolf Wiesbeck joined the board. Günther Apfalter and all six previous employee representatives remain on the Supervisory Board. In this new set-up, the Supervisory Board reflects strong experience from the industrial environment and in transformation.

"A new chapter has begun at Leoni," says Leoni CEO Klaus Rinnerberger. "We have a committed workforce, competitive technology know-how and a solid operating base; in short, Leoni has all the ingredients to be successful in the long term. My task as CEO is to ensure that we exploit this potential. In doing so, I look forward to working with Friedrich Roithner and the entire Supervisory Board. At the same time, I would like to thank the departing members of the Supervisory Board for their great commitment to Leoni in the past."