Helmut List hands AVL leadership to Lukas Walter after 47 years, becomes Supervisory Board chairman

AVL List announced that Prof. Helmut List, who led the company for 47 years as Chairman of the Management Board, will move to the Supervisory Board at the end of May and take on the role of Chairman. In his new position, he will continue to provide strategic guidance for the company's long-term direction, focusing on maintaining and expanding international relationships with global mobility partners and strengthening existing and new customer relationships. The change at the top management level is taking place seamlessly and has no impact on ongoing operations.

Lukas Walter will succeed Helmut List as Chairman of the Management Board. Walter previously served as Chief Operating Officer in the Engineering business unit, where he was closely involved in key strategic decisions and played a decisive role in shaping the company's direction. He had earlier spent time as Senior Vice President at MAN Truck & Bus, with responsibility for engineering, product strategy and planning, and global truck sales, and he spearheaded key transformation initiatives. With over 30 years of experience in automotive product and business development, plus roles in top management within the Volkswagen Group, AVL says he stands for continuity in the company's business development.

AVL employs around 12,000 people and is described as one of the world's leading mobility technology companies for development, simulation, and testing in the automotive industry and other sectors such as aviation, marine, and energy. The company operates at more than 90 locations and over 45 tech and engineering centers. AVL also supports companies in energy-intensive industries on their path to more sustainable and efficient energy generation and supply. The company's restructuring plan is clearly defined and being consistently implemented, with measures contributing to operational efficiency and long-term strategic positioning.