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Page 1 of 2 2 9 012020 Lenord Bauer Co GmbH Dohlenstrasse 32 46145 Oberhausen wwwlenordde Press contact Kerstin Frohn Tel 49 0208 9963 123 kfrohnlenordde ordde Lenord Bauer Ch ID: 847365

bauer lenord director grimm lenord bauer grimm director management managing rudo matthias sensors integrated technology company future railway solutions

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1 Page 1 of 2 Press release 2 9 .
Page 1 of 2 Press release 2 9 .01.2020 Lenord, Bauer & Co. GmbH Dohlenstrasse 32 46145 Oberhausen www.lenord.de Press contact : Kerstin Frohn Tel.: +49 (0)208 9963 - 123 kfrohn@lenord.de ord.de Lenord + Bauer: Change in the management team Dr. Rudo Grimm appointed managing director On 1 January 2020 Lenord + Bauer appointed a new chairman of the Management Board: Dr. Rudo Grimm now joins Dr. Matthias Lenord on the management team of the specialist in motion sensors and integrated drive technology. Dr. Grimm sees the attraction of his new role at Lenord + Bauer as being the innovation potential of the company. Asked about his goals for the future, the father of three answered: "Lenord + Bauer drives forward future solutions with integrated, intelligent, interactive sensors, actuators and autonomous controllers. My goal is to exploit the development know - how, together with Dr. Matthias Lenord, in order to further strengthen our position as a forward - thinking and reliable system partner . Digitalisation and artificial intelligence are the key here. I think we are on a good road, and we will continue to follow it consistently." In Dr. Grimm, the compa

2 ny has been able to acquire a managing
ny has been able to acquire a managing director with a broad industrial background, particularly in the process and railway industry. Prior to moving to Oberhausen, he worked for a management consultancy before taking on roles as commercial director, head of operations and managing director in a variety of mid - sized enterprises with an international presence. For the last five years he headed up a leading company in the rail industry. He also successfully managed a start - up in the e - mobility sector. 1,47 1 characters inc. space Page 2 of 2 Figure 1: D r. Rudo Grimm and Dr. Matthias Lenord About Lenord, Bauer & Co. GmbH: We are an international specialist in the field of motion sensors and integrated drive technology. We develop, produce and distribute technology - leading solutions for the mobility and machinery sectors. Our activities are focused on railway rolling stock, machine tools and packaging machines. Our customers have been benefiting from our considerable technical consultancy skills and expertise in customer applications for more than 50 years. Lenord + Bauer is certified according to DIN EN ISO 9001 and 14001, as well as IRIS.