João Ricciarelli is New Executive President for Americas Division

Stuttgart, Germany - September 4, 2019 – João Ricciarelli has become the new Executive President (EP) of Leadec's Americas division as of September 1, 2019. The previously separated North and South America regions were merged into one Americas division. In his former position at Leadec as CEO of the South American region, João was deeply involved in the development of the company's strategy. As EP of the new division, he will be responsible for five business units.

When João joined Leadec in 2017 as Chief Operational Officer, he brought with him over 30 years of multinational corporate work experience in companies such as ABB, where he had different managerial positions. From 2000 – 2015, he worked with SKF where he started in California as Latin America Director, then Service Director for Europe, based in Great Britain, and Country Manager in Canada. He was also Managing Director of Bombardier Transportation in Brazil from 2015 to 2016. João has a degree in electrical engineering from Escola de Engenharia Mauá in São Paulo.

As of 2018, he was CEO of the South American region. Together with his team, he focused on driving the company's continued growth while consistently improving existing services.

About Leadec

Leadec is the leading provider of technical services for the automotive and manufacturing industries. The company, which is headquartered in Stuttgart, employs about 20,000 people worldwide. In 2018 Leadec earned sales of around EUR 900 million. For more than 50 years, Leadec has been supporting its customers along the entire production supply chain. The service provider is based at more than 250 sites, often directly at the customers’ plants and facilities.

Leadec’s global services comprise: Engineer (consulting and engineering), Install (electrical installation, automation, disassembly and reassembly), Maintain (production equipment maintenance and technical cleaning), Support (facility management and internal logistics) as well as other local services. The services are provided either in projects or permanently on site at the customer's premises.

For more information about Leadec go to: www.leadec-services.com

Contact for press and media:

Dr. Marion Hebach

Head of Global Communications

Leadec Holding BV & Co. KG

Meitnerstraße 11

70563 Stuttgart

Tel. +49 711 78 41-174

marion.hebach@leadec-services.com

www.leadec-services.com

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