Iochpe-Maxion SA, a world leader in the production of automotive wheels and a leading producer of automotive structural components in the Americas, announced that Pieter Klinkers, the current Chief Executive Officer (CEO) of Maxion Wheels, will take on the role of President and CEO of Iochpe-Maxion SA, replacing Marcos Oliveira, who will step down at the end of his term in line with the senior leadership succession plan. This change will take effect on April 16, 2025.

Klinkers has established a distinguished career spanning over 30 years in the automotive industry. After working 10 years for Michelin, he joined Hayes Lemmerz Inc. in 2005, which was subsequently acquired by Iochpe-Maxion. Since 2015, he has been leading the Company's global wheels business.

Mark Gerardts will be the new CEO of Maxion Wheels, replacing Klinkers. Gerardts, currently the Business Unit President for Europe, Middle East and Africa (EMEA), joined the company in 2015 and since then has executed several roles with increasing responsibilities.

Oliveira has been nominated by the Iochpe-Maxion Board of Directors to join the slate running for the Board of Directors election during the next ordinary general shareholders' meeting, scheduled for April 16, 2025.

The Company proudly looks forward to the well-prepared and efficient transition, being supported by appropriate communication, ensuring continuity in the management of the Company's business.

ABOUT IOCHPE-MAXION

Iochpe-Maxion is a global leader in automotive wheel production and a prominent manufacturer of automotive structural components across the Americas. The Company operates 33 manufacturing facilities across 14 countries and employs approximately 17,000 individuals. This extensive network enables Iochpe-Maxion to meet the quality, competitiveness, and delivery standards required by its customers worldwide.

Iochpe-Maxion operates its core business through Maxion Wheels and Maxion Structural Components. Maxion Wheels produces a wide range of wheels for passenger vehicles, commercial trucks and trailers, and specialty vehicle applications. Maxion Structural Components produces side rails, crossmembers, and assembled chassis for commercial vehicles, as well as structural assemblies for passenger vehicles.

To learn more please visit Iochpe-Maxion’s website at www.iochpe.com.br

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313647966/en/

colleen.york@maxionwheels.com

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