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Change in the Diehl Executive Board and at the head of Diehl Metering

Diehl Holding

At the end of the year, Mr. Frank Gutzeit, member of the Executive Board of the Diehl Stiftung & Co. KG, Nürnberg, and CEO of Diehl Metering, will leave the company after more than 24 years of service at Diehl in line with his personal plans for the future.

With effect from September 1, 2018, Mr. Gutzeit will be succeeded by Dr.-Ing. Christof Bosbach, member of the Diehl Metering Corporate Division Board in charge of technology, in all functions.

The Shareholders and Supervisory Board would like to thank Mr. Gutzeit sincerely for his longstanding and very successful commitment to our company and wish him all the best for the future. Due to the corporate division’s improved international and process-oriented positioning in combination with a comprehensive innovation and technology offensive, Mr. Gutzeit and his team have succeeded in providing Metering with an excellent starting position enabling it to open up further market potentials and to enter new business models in the next few years. We wish to thank Mr. Gutzeit for this con-sistent and farsighted approach.

Kindly enough, Mr. Gutzeit will still be available to the company from September until the end of the year in an advisory capacity.