paragon AG expands its Managing Board

Delbrück, February 24, 2014 - paragon AG is preparing its management structure for growth and the increasing internationalization of its business. Dr.-Ing. Stefan Schwehr (50) has been appointed to the Managing Board with effect from April 1, 2014. Dr. Schwehr will take over responsibility for technology from the Chairman of the Managing Board, Klaus D. Frers.

Going forward, Klaus Frers will focus on business strategy and business development, production, finance, and human resources. As chief technology officer, Stefan Schwehr will oversee development, sales and marketing, and customer management.

Dr. Schwehr joins paragon from Daimler AG, where he gained some 20 years of managerial experience while working on the preliminary development and development of electronic components. In his last role, he was responsible for the preliminary development of vehicle instrumentation and control systems. He had previously headed up various departments, including instrumentation and mechatronics, and is therefore familiar with many fields of fundamental importance to paragon.

"Dr. Stefan Schwehr will bring his experience and expertise to bear at paragon. His knowledge and contacts will contribute significantly to the Company's development," said Klaus D. Frers, Chairman of the Managing Board of paragon AG. "We now have the right people in place to enable our continued growth."

Company profile

Listed in the Prime Standard segment of Deutsche Börse in Frankfurt am Main, paragon AG develops, produces, and sells advanced automotive electronics solutions. The portfolio of this direct supplier to the automotive industry includes products in the following business segments: sensors, acoustics, cockpit systems, electromobility, and body works kinematics. One of its stand-out products is the AQS air quality sensor, the clear global market leader. Headquartered in Delbrück (North Rhine-Westphalia), paragon has branches in Suhl (Thuringia), Nuremberg (Bavaria), and St. Georgen (Baden-Württemberg) as well as a sales office in Shanghai (China).

Contact

paragon AG
Schwalbenweg 29
33129 Delbrück
Tel.: +49 (0)5250 97620
Fax: +49 (0)5250 976 260
Website: www.paragon.ag
Email: info@paragon.ag

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