AVL Names Will Bonnici Chief Financial Officer of AVL Michigan Holding Corporation

PLYMOUTH, Mich. March 31, 2022— Don Manvel, Chairman and Chief Executive Officer of AVL Americas, is pleased to announce the recent appointment of Will Bonnici to Chief Financial Officer (CFO) of AVL Michigan Holding Corporation and its subsidiaries. AVL Michigan Holding Corporation is responsible for the operations of AVL List GmbH in the United States of America.

AVL List GmbH (AVL) is the world's largest independent company for development, simulation and testing in the automotive industry, and in other sectors. Drawing on its pioneering spirit, the company provides customer with the concepts, solutions, and methodologies to shape future mobility trends.

As CFO of AVL Michigan Holding Corporation, Will Bonnici will be responsible for the entire range of finance, accounting, tax and financial planning and analysis activities.

Prior to joining AVL, he worked for Horizon Global Corporation as the Senior Director of Operations Finance and Director of Financial Planning and Analysis. After ten years practicing public accounting, Will Bonnici has held various financial leadership roles including Vice President of Finance, Director and Controller roles at Vari-Form Group, Dura Automotive Systems and Global Automotive Systems. He is a Certified Public Accountant and holds a Bachelor of Business Administration degree with a concentration in accounting from the University of Michigan – Dearborn.

“We are proud to welcome Will Bonnici to the AVL team,” commented Manvel. “He brings a wealth of knowledge and more than 25 years of financial leadership experience.”

AVL Michigan Holding Corporation is headquartered in Plymouth, MI, and has additional locations in Plymouth, Ann Arbor, MI, and Lake Forest, CA. Visit www.avl.com for more.

Media Contact

Joshua Lupu, Marketing Director, North America

Joshua.lupu@avl.com

About AVL

With more than 12,200 employees, AVL is one of the world's leading mobility technology companies for development, simulation, and testing in the automotive industry and in other sectors such as rail, marine, and energy. Based on extensive in-house research activities, AVL delivers concepts, technology solutions, methodologies, and development tools for a greener, safer, and better world of mobility and beyond.

AVL supports international partners and customers in their sustainable and digital transformation. The focus lies on the areas of electrification, software, AI and automation. In addition, AVL supports companies in energy-intensive sectors on their way to a greener and more efficient energy generation and supply.

Innovation is AVL's passion. Together with an international network of experts at more than 90 locations and 45 Tech and Engineering Centers worldwide, AVL is driving the future of mobility. In 2023, the company generated a turnover of 2.05 billion Euros, of which 10 % are invested in R&D activities.

For more information: www.avl.com