MAHLE and Matthias Arleth, chairman of the Management Board and CEO, have decided to terminate their cooperation through a mutual agreement. This move is based on differing opinions on the future strategic orientation of the group. Arleth joined the technology group in January 2022. Until a successor has been agreed upon by the Supervisory Board, Michael Frick, Deputy Chairman of the Management Board and CFO, will serve as Chairman of the Management Board.

“Even if we had different opinions on the strategic orientation of MAHLE in the final resort, I would like to thank Matthias Arleth on behalf of the entire MAHLE team for his considerable commitment. He has our best wishes for his future,” said Prof. Dr. Heinz Junker, Chairman of the Supervisory Board of MAHLE.