KUENZELSAU, Germany, 26 September 2024: Ziehl-Abegg’s Chief Operating Officer (COO), Joachim
Ley, who has been with the company since 2021 and played an active role in shaping the company’s
global growth, will be the new CEO of the company. Making the announcement through a Press
Release, Ziehl-Abegg said the Supervisory Board has decided to hand responsibility for the entire
Executive Board over to Ley, who holds a degree in industrial engineering and was responsible for
production, purchasing, central logistics and processes.

Ziehl-Abegg said Ley, 47, after completing his studies, took on various management positions in the operational area. Ziehl-Abegg said prior to joining the company, Ley was a member of the Board of Directors of a market-leading supplier to the aviation industry for many years.

Dennis Ziehl, Chairman of the Supervisory Board of electric motor and fan manufacturer, Ziehl Abegg, said: “Ziehl-Abegg is a family business and will continue to be so in the future. This DNA has been moulded by my family over more than 100 years, and this will continue in the face of global change.

“With Mr. Joachim Ley (CEO), Mr. Wolfgang Mayer (CTO) and a successor for the position of CFO to be named as soon as possible, in future we will have an Executive Board comprising three members.

“I would like to express my sincere thanks to Dr (Marc) Wucherer as CEO and Mr (Olaf) Kanig as CFO for their work over the past years. Dr. Wucherer introduced a strategy for the future to make the company fit to compete on the global stage. The path chosen for this purpose was and remains both
right.”

In the five years of his tenure as CFO at Ziehl-Abegg, Kanig has shown great personal commitment in leading the area under his control and has been jointly responsible for the positive, value-adding development of the company, Ziehl-Abegg said.

Ziehl said, “We have been in talks with Mr Kanig for some time now, he is making a change in career direction but will be available to us as CFO until a new appointment is made on the Executive Board.