PR88230

ALPHEN AAN DEN RIJN, Netherlands, February 24, 2021, /PRNewswire=KYODO JBN/--

Positive trend confirmed in 2020, despite the COVID-19 pandemic

Hyva, a global leader in loading and unloading hydraulic solutions serving the

commercial vehicle and environmental services industries, is appointing Alex

Tan as its new CEO starting March 1st. He succeeds Marco Mazzù, who is

appointed as Chairman of the Board.

Alex was appointed the Managing Director of Hyva China in 2004 and has since

led the business with distinction, overseeing its meteoric growth from

inception to market leadership. He was appointed Head of Hyva Asia in 2011 and

also assumed global responsibility for Hyva's waste management line of business

in 2015. He said: "I am honoured to be given the opportunity to lead the

company that has been my life for 21 years. Hyva's success has been achieved

through the strong entrepreneurial spirit of our people and our focus on our

customers and their success. I wish to retain these qualities even as we

strengthen our capabilities in innovation and new product development to

support our customers effectively in the face of rapidly developing new

technologies and digitization in our industry."

The current CEO, Marco Mazzù, will be moving into the role of Chairman. Before

Hyva he covered senior leadership positions for the previous 20 years in the

automotive, commercial vehicles and agricultural equipment industries across

four different continents: "I am honoured to have led the Hyva Team for the

last six years and helped reposition the company and our global organization

and business processes. I am proud of the great results and accomplishments

achieved by the company in this time. I have worked with Alex for six years,

and I know he will lead Hyva to new great achievements."

Hyva's Board of Directors said in a statement: "We would like to extend our

thanks to Marco for a job well done. He joined Hyva as it faced a tumultuous

time in many of its key markets and has since overseen a tremendous improvement

in the Company's operating and financial performance, which was sustained

during 2020 despite the disruptions caused by COVID-19. We would also like to

welcome and congratulate Alex on his appointment as CEO. Alex has a proven

leadership track record of driving excellence. As a Hyva insider, he brings a

deep knowledge of our products, markets, and customers to the job. We wish him

all the best."

The company has a worldwide footprint in all major markets, with a longstanding

presence in the fast-growing Asia Pacific region. Hyva provides solutions to

more than 20,000 customers and is world leader in front-end tipping cylinders

with over 40% global market share. The company operates in more than 110

countries with over 3,500 employees around the world. The Group encompasses

more than 30 subsidiaries across Europe, Asia, the Americas and MEA, with a

vast sales and service coverage and a well-equipped manufacturing base of 12

production facilities in Brazil, China, Germany, India, and Italy.

Throughout the challenging time of the Coronavirus pandemic, Hyva managed in

protecting the health of its employees and kept up with servicing its clients

worldwide across the four lines of business: Tipping Solutions, Cranes,

Container Handling Solutions and Waste Handling Solutions.

Visit www.hyva.com.

Photo - https://mma.prnewswire.com/media/1441194/Hyva_1.jpg

Photo - https://mma.prnewswire.com/media/1441195/Hyva_2.jpg

Logo - https://mma.prnewswire.com/media/1441196/Hyva_Logo.jpg

For further information:

Marcello Laugelli

marcello.laugelli@omnicomprgroup.com

+393358438856

SOURCE: Hyva