Stabilus S.A.: AGM to vote on new composition of Supervisory Board

CORPORATE NEWS

Stabilus S.A.: AGM to vote on new composition of Supervisory Board

- Udo Stark, Chairman of the Supervisory Board, will not seek re-election at AGM on Feb 14, 2018

- Dr. Stephan Kessel, Vice Chairman of the Supervisory Board, designated as new Chairman of the Supervisory Board

- Dr. Dirk Linzmeier, designated CEO of the planned Osram/Continental joint venture, proposed for Supervisory Board

Luxembourg/Koblenz, January 12, 2018 - The AGM of Stabilus S.A. (ISIN: LU1066226637), one of the world's leading suppliers of gas springs, damping solutions and electromechanical drives for motion control, will amongst other things vote on the new composition of the Supervisory Board on February 14, 2018.

Udo Stark (70), currently the Chairman of the Supervisory Board of Stabilus S.A., at his own request will not be standing for re-election upon the regular expiry of his term. He will leave the Supervisory Board of the company at the end of the 2018 AGM. On behalf of the whole company and its employees, the Supervisory Board and Management Board have expressed gratidute to Udo Stark for his exceptional contribution to the success of the company. The renowned industry expert joined the Supervisory Board during the prepation of the IPO of Stabilis S.A. in 2014 and has been acting as its Chairman since then. In close cooperation with the other Supervisory Board members and the Management Board, he has actively and significantly shaped the successful strategy and development of Stabilus.
With regard to capital markets, this included the successful IPO and refinancings of the company both through debt and a capital increase. On the operating level, Stabilus has significantly increased its internationalization and the market penetration of its electromechanical drive Powerise during his term. Furthermore, the company concluded the largest acquisition in its history in 2016, by acquiring several companies from SKF group for a total consideration of USD 339 million. In total, Stabilus has nearly doubled its revenues from EUR 460 million in fiscal year 2013 to EUR 910 million in fiscal year 2017 and significantly increased its profitability. The company's share price has more than tripled since its IPO. Udo Stark deserves particular recognition for continously developing the company's Corporate Governance structures in line with its strong growth.

Following the AGM on February 14, 2018, the Supervisory Board in its inaugural meeting will appoint a new Chairman of the Supervisory Board. Dr. Stephan Kessel (64), currently Vice Chairman of the Supervisory Board, is the new designated Chairman of the Supervisory Board. Kessel is a distinguished industrial and automotive manager who has been long-time member of the Management Board of Continental AG and Continental's CEO until 2002. Since 2008 he has held a variety of positions in Stabilus' Advisory Board and was the company's interim CEO from 2008 to 2011. He joined the Stabilus Supervisory Board in 2014 when it was created in the context of the company's IPO. Since then, he acted as Vice Chairman of the Supervisory Board.

With Dr. Dirk Linzmeier (41), a distinguished electronics expert will be proposed to the AGM for the Supervisory Board. The doctorate in engineering possesses approx. 15 years of experience in the automotive industry. From 2003 to 2006 he worked at DaimlerChrysler as a development engineer, designing driver assistance systems. From 2006 to 2017 he held several leading position in the development of of driver assistance systems and automotive electronics at Robert Bosch GmbH. Before leaving Robert Bosch GmbH, he was Vice President and Managing Director of its Business Unit Automotive Electronics. He was responsible for the product lines Electronics Manufacturing Service (EMS), Commercial Vehicle Body Electronics, Powerpack for Electronic Power Steering (EPS) and Electrical Powertrain Systems on 48V basis. Furthermore, he was responsible for Robert Bosch GmbH's Start-up and Innovation Management, where the company researches new technologies and developes products to market maturity. Linzmeier is designated CEO of the planned joint venture of Osram and Continental, that was announced in November 2017 and which is to develop and produce intelligent lighting solutions for the automotive sector. After studying electrical engineering and information technology at the University of Ulm, Germany, he also received his doctorate in engineering there. Furthermore, he possess a degree in management and industrial engineering from the University of Hagen, Germany. Both the Supervisory Board and the Management Board are convinced that with his profile and experience he will make important contributions to the continued successful development of Stabilus.

The invitation to the AGM on February 14, 2018, in Luxembourg was published today and can e.g. be downloaded from the Stabilus Website in the Investor Relations section.

About Stabilus

As one of the world's leading suppliers of gas springs, damping solutions and electromechanical drives, Stabilus has for eight decades been demonstrating its expertise in the automotive industry and a variety of other sectors. Gas springs, dampers and electromechanical POWERISE drives from Stabilus optimize opening, closing, lifting, lowering and adjusting operations, and also protect against vibrations. Employing a workforce of more than six thousand worldwide, the company has its operational headquarters in Koblenz. Stabilus has reported sales revenues of EUR 910.0 million in the 2017 fiscal year. Stabilus has a global production network encompassing plants in nine countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North, Central and South America, and in Asia Pacific. Stabilus is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the SDAX index.

Important Notice

This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.