WEINHEIM, Germany, February 22, 2018-

Dr. Frank Heislitz, currently Chief Technology Officer (CTO) of Freudenberg Performance Materials, will take over the position of Chief Executive Officer (CEO) of Freudenberg Performance Materials with effect from April 1, 2018. Dr. Heislitz succeeds Mr. Bruce Olson, who will retire at the end of March 2018 after 11 years of outstanding work for Freudenberg. Bruce Olson will continue to serve as Chairman of the Shareholders’ Committee of Japan Vilene Company Ltd., a joint venture between Freudenberg and Toray Industries, until the end of 2019.

Dr. Heislitz joined the Freudenberg Group in 2001 as assistant to the Management Board. In 2002, he was appointed head of the Competence Center Freudenberg Stamping and Forming Technology at Freudenberg Sealing Technologies, after which he took over management of the Lead Center Simmerring Europe in 2005. Before becoming CTO of Freudenberg Performance Materials, he worked for three years as Co-General Manager for the NOK-Freudenberg Group China. Dr. Heislitz holds a doctorate in mechanical engineering from the Technical University of Darmstadt.

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