Voltabox Places Leadership on a Broader Footing
 

- Divisional directors appointed for Production and Finance

- COO Jörg Dorbandt is leaving the Management Board

Delbrück, Germany, July 2, 2019 - Voltabox AG [ISIN DE000A2E4LE9] is expanding its leadership team. The company has appointed divisional directors for Production and Finance. COO Jörg Dorbandt is leaving the Management Board by best mutual agreement.

Dr. Burkhard Leifhelm has assumed responsibility for Production and Purchasing at Voltabox AG as a divisional director, while Patrick Zabel has assumed responsibility for Finance and Human Resources as a divisional director. The responsibility for development and sales will remain with CEO Jürgen Pampel, who will be the sole member of the Management Board for the foreseeable future. The Supervisory Board has complied with the request of Management Board member Jörg Dorbandt to resign from his mandate. Mr. Dorbandt, who was responsible for Finance and Operations as COO until now, will pursue a new professional challenge.

"With the new structure, we are placing the leadership of the company on a broader footing," says Klaus Dieter Frers, Supervisory Board Chairman of Voltabox AG. "Jürgen Pampel, Dr. Burkhard Leifhelm and Patrick Zabel form a strong team that will ensure the strategic and operational development of the company. We would like to thank Jörg Dorbandt. As COO, he has provided important momentum in Voltabox's operational business."

Dr. Burkhard Leifhelm (46) studied mechanical engineering at RWTH Aachen University and obtained a doctorate degree. Before joining paragon, Voltabox's parent company, in February 2016, he worked for Hella KGaA for more than ten years, most recently as Head of Operative Excellence. Mr. Leifhelm started out at paragon as managing director of the paragon production company. In 2017, he was appointed divisional director for Mechanics and Production, and in 2018, he was also appointed managing director of the paragon subsidiary paragon movasys GmbH. He is a proven REFA expert and holds several lectureship posts.

After completing a banking apprenticeship, Patrick Zabel (30) studied avocationally to earn an Executive Master of Business Administration (MBA) degree and a Bachelor of Laws (LL.B.) degree from the University of Münster. He was a corporate adviser to a large savings bank and worked as a project manager for the accounting firm PricewaterhouseCoopers (PwC) for several years. At PwC, Mr. Zabel was responsible for auditing large capital market-oriented corporations and advised clients on fundamental accounting issues in accordance with the IFRS and HGB. In the fall of 2018, he ultimately moved to Voltabox, where he most recently served as Head of Finance with joint signatory power. Mr. Zabel is a proven expert in international accounting.

About Voltabox AG

Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, is a rapidly growing system provider for e-mobility in industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion batteries that are modular and in serial production. The battery systems are primarily used in buses for public transportation, forklifts, automated guided vehicles and mining vehicles. The company also develops and produces high-quality lithium-ion batteries for select mass-market applications, such as high-performance motorcycles and pedelecs.

Voltabox has production sites at its headquarters in Delbrück, Germany, in Cedar Park (Austin, Texas, USA), and in Kunshan, China, as well as development sites in Aachen and Korntal-Münchingen, Germany.

Additional information about Voltabox can be found at www.voltabox.ag.

Contact

Voltabox AG

Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Tel.: +49 (0) 52 50 - 99 30-964
Fax: +49 (0) 52 50 - 99 30-901
Email: investor@voltabox.ag