At its meeting on October 4, the Supervisory Board of Schaeffler AG decided on a change of leadership. CEO Dr. Juergen M. Geissinger will leave the company by mutual consent with immediate effect. Until the appointment of a successor, CFO Klaus Rosenfeld will take over as acting CEO, in addition to his current tasks.
Georg F. W. Schaeffler, Chairman of the Supervisory Board of Schaeffler AG, said: "With today's change of leadership we have paved the way for the future reorientation of Schaeffler Group and its leadership. We will continue on our path of growth, supported by the necessary investments. Technological leadership, innovation, quality and continuity remain the cornerstones of our strategy. We thank Dr. Geissinger for his work and contribution to the success of our company and wish him all the best for the future."