EX-10.16 11 ny20046461x1_ex10-16.htm EXHIBIT 10.16
 

Exhibit 10.16

 

Aebi Schmidt Holding AG 

Leutschenbachstrasse 52 | CH-8050 Zürich  

Telefon: +41 44 308 58 00 | Fax: +41 44 308 58 30 

www.aebi-schmidt.com

 

Aebi Schmidt Holding AG 

Leutschenbachstrasse 52 | CH-8050 Zürich

 

Steffen Schewerda
CEO North America

 

  Zurich, March 28, 2025

 

Salary Adjustment

 

Dear Steffen

 

In order to express our appreciation for your contribution to the Aebi Schmidt Group and your great leadership, we are glad to inform you that we have decided to amend your annual base salary to

 

USD 450,000.— (previous USD 400,000. —)

 

as of 1st April 2025. Your base salary will be paid out monthly, 12 times a year at the end of every month.

 

We are looking forward to a continued successful collaboration.

 

Best regards,

 

Aebi Schmidt Holding AG

 

/s/ Andreas Rickenbacher     /s/ Barend Fruithof  
Andreas Rickenbacher   Barend Fruithof
Chairman Nomination &   Group CEO
Compensation Committee