Kiekert: Following the change of shareholders, four new members join the Supervisory Board

Former ZF CEO Hans-Georg Härter joins the Supervisor Board of the leading latch manufacturer

Heiligenhaus, (PresseBox) - Following the first AGM after completion of the transfer of shareholding, Kiekert presents the new structure of its Supervisory Board. With the departure of the previous investors, four new members are now taking over their positions in the automotive supplier's controlling body.

Xizeng Li, Hans-Georg Härter, Xingguo Zheng and Bangying Ren are the new names on the organigram. All of the new members are experienced senior managers in the international automotive supply industry.

The chair of the controlling body is taken over by Xizeng Li (58), CEO of the LingYun Group. Xizeng Li has held a range of management positions within the LingYun Group since the 80s and has played a decisive role in the group's growth. It was under his leadership that the company took the key steps to becoming one of China's most important automotive suppliers.

The most well-known new member of the Supervisory Board is Hans-Georg Härter (67), who was Chairman of the Management Board of ZF Friedrichshafen AG until April 2012. In Hans-Georg Härter, the Kiekert Supervisory Board is gaining one of the foremost managers from the German supplier industry. With almost 40 years in the German automotive supply sector, Kiekert has secured an exceptionally well networked automotive professional for its Supervisory Board.

Also new to the Supervisory Board of Kiekert AG and likewise from the Management Board of the LingYun Group is Xingguo Zheng (56), CFO for the new shareholders. During his successful career in the Chinese automotive supply industry, Xingguo Zheng also worked for several years in Germany.

Joining Kiekert as the fourth new member is Bangying Ren (57). Banying Ren is Managing Partner with FinkRen GmbH in Switzerland. The engineer, who lives in Switzerland, can look back on a successful management career with a number of Swiss industrial companies, including many years with GF Georg Fischer. From 2002 until 2011, he spent almost ten years as CEO of Chinese/Swiss joint venture the Chinaust Group. Bangying Ren is also a visiting Professor at Tongji University (Shanghai).

The transfer of Kiekert AG from the owner consortium backed by financial investor BlueBay Asset Management to a strategic industrial investor marks the perfect completion of one of the most successful turnaround stories under the auspices of a hedge fund.

Kiekert AG

The Kiekert Group employs around 4,000 people worldwide. Kiekert maintains development and production facilities in Germany, the Czech Republic, USA, Mexico and China. Dating back more than one hundred and fifty years, the company is the market and technology leader in side door latches for automobiles and the inventor of modern-day central locking. As a driver of innovation and producer of the most in-house developments, Kiekert has established itself as a solid and indispensible partner to vehicle manufacturers. To date, Kiekert AG has registered more than 900 patents.

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