ElringKlinger to expand Group Management Board

PRESS RELEASE

ElringKlinger to expand Group Management Board

• Isabelle Damen to join Group Management Board as CFO from August 1, 2025
• Financial matters overseen by CEO Thomas Jessulat alongside his other responsibilities since October 1, 2023
• As CFO, Isabelle Damen will also assume responsibility for IT as well as Legal & Compliance

The Supervisory Board of ElringKlinger AG (ISIN DE0007856023 / WKN 785602) has appointed Isabelle Damen to the Group Management Board effective from August 1, 2025. The Dutch-born executive is to take over the role of Chief Financial Officer from CEO Thomas Jessulat, who had initially retained the position of CFO alongside his duties as the newly appointed CEO. In addition to covering matters generally associated with financial management, Isabelle Damen will also be responsible for IT and Legal & Compliance.

Helmut P. Merch, Chairman of the Supervisory Board of ElringKlinger AG, commented as follows on the appointment: “We are delighted to have secured the services of Isabelle Damen, a proven financial expert, on behalf of ElringKlinger. Building on an extensive career record, she has many years of international experience gained from working for global corporations and will team up with the other members of the Management Board in committed pursuit of ElringKlinger's transformation. We would like to thank Thomas Jessulat for initially continuing in his role as CFO alongside his responsibilities as our newly appointed CEO. Following the appointment of Isabelle Damen, the Management Board is complete and well equipped for the future."

Isabelle Damen (51) currently holds the position of CFO at Teijin Aramid B.V., a subsidiary of the Japanese multi-national group Teijin Ltd., where she is responsible for the areas of Finance, Legal, and Continuous Improvement. Before joining Teijin Aramid B.V. in 2020, she held management positions at Sensata Technologies and Thales B.V., among others. Isabelle Damen has a Bachelor's degree from the Amsterdam Business School and an MBA from the ESADE Business School in Barcelona.

About ElringKlinger  

As an independent supplier operating worldwide, the ElringKlinger Group has established itself as a powerful and trusted partner to the automotive industry – acknowledged for its exceptional depth of expertise. Our product portfolio encompasses innovative solutions for passenger cars and commercial vehicles powered by electric motors, hybrid technology, or combustion engines. Alongside the powertrain, other areas of application include the underbody, chassis, braking system, interior, and vehicle body. We were among the frontrunners when it came to positioning ourselves as a specialist in the field of e-mobility – with pioneering battery and fuel cell technology, and associated components and assemblies, such as plastic housings, and punched and formed metal parts.

Customized lightweight components engineered by ElringKlinger can be used throughout the entire vehicle ; they deliver tangible benefits in terms of weight reduction, efficiency, and functional integration, especially in e-mobility applications. We serve the aftermarket in more than 140 countries with an extensive range of spare parts. These efforts are supported by a dedicated workforce of around 9,000 people employed within the ElringKlinger Group. Operating at more than 40 sites worldwide, ElringKlinger has established a global presence and is closely aligned with its customers in all major automotive regions.