German supplier Leoni said today that CEO Klaus Probst will leave the company at his own request at the end of June 2015.

The supervisory board will pick his successor, who will be tasked with executing the company’s new strategy, early next year, Leoni added in a statement.

The company also said it had extended the contracts of Chief Financial Officer Dieter Belle and division chief Andreas Brand until the end of 2019.

Leoni ranks No. 54 on the Automotive News Europe list of the top 100 global suppliers with worldwide sales to automakers of $3.6 billion in 2012. Europe accounted for 63 percent of that total.