CEO Dr. Dirk Rothweiler Leaves First Sensor AG

2020-06-09

The CEO of First Sensor AG, Dr. Dirk Rothweiler, and the Supervisory Board today mutually agreed that Dr. Rothweiler will resign from office with effect from June 30, 2020 in the context of the change of control resulting from the public takeover by TE Connectivity Sensors Germany Holding AG.

"With the closing of the public takeover by TE Connectivity Sensors Germany Holding AG on March 12 and the approval of the annual general meeting for the domination and profit loss transfer agreement on May 26, the way forward is now cleared for the planned combination of First Sensor AG with TE Connectivity, and a new chapter of its almost 30-year success story begins for First Sensor. It is therefore the right time to hand over the lead," says CEO Dr. Dirk Rothweiler, emphasizing that he is confident the merger is the right path forward for First Sensor. "With regard to our business model and product portfolio, the merger gives us a strategic and competitive edge paired with attractive development opportunities. At the same time, it is a clear growth opportunity for the work force of First Sensor".

The Supervisory Board of First Sensor AG thanks Dr. Dirk Rothweiler for his successful work over the past three and a half years. "Dr. Dirk Rothweiler has sustainably positioned First Sensor AG for profitable growth and successfully demonstrated visible top and bottom-line improvements within a short period of time," said John Mitchell, Chairman of the Supervisory Board of First Sensor AG. "First Sensor will continue this path in the combined business with TE Connectivity and benefit from economies of scale, an international footprint and a broad product portfolio."

Until a successor is appointed, CFO Marcus Resch will take over his responsibilities in the Executive Board.

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First Sensor is one of the world's leading suppliers in the field of sensor systems and part of TE Connectivity. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.

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In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.

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Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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