Schaffner's Automotive Division Posts Strong International Growth

  Enquiry / contact me

CEO to head the division ad interim

CEO Alexander Hagemann is interim head of the Automotive division
CEO Alexander Hagemann is interim head of the Automotive division

The Schaffner Group is enjoying strong international growth in its business with components for convenience and safety features in cars as well as electronic components for hybrid and electric vehicles. Intensification of product development activities and globalization of sales have resulted in several successful project acquisitions. For example, deliveries of components for keyless entry systems for a leading global automobile manufacturer have already begun, while preparations are in the pipeline for series production of components for vehicles with hybrid drive systems for another car manufacturer. As already communicated in the 2011/12 interim report, the Schaffner Group expects that the strong demand from the global automobile industry will allow the Automotive division to achieve its sales target for fiscal 2014/15 of CHF 40 million as early as fiscal 2013/14, one year earlier than planned.
In order to have the best possible structures in place to deal with the surge in growth, the Schaffner Group is aligning the Automotive division's management and processes. The Board of Directors of Schaffner Holding AG has appointed Chief Executive Officer Alexander Hagemann as interim head of the Automotive division with immediate effect. Jean-Michel Calleri, who had previously headed the division, is stepping down from Schaffner Group Management.

Posted on November 12, 2012 - (296 views)
by
Related articles
Sensors & Instrumentation Live from 25 to 26 September 2019
Filters and Filter Fans for Outdoor
Ultrasonic Air Flowmeter for Compression Applications
Enhance your Productivity
Partner Program Helps Choose the Right Product
Sensing Technology for Process and Control
Cloud for Pressure Measurement
Constant Force Springs
Float-type Level Switches
Thermocouple Cables
Volumetric and Gravimetric Feeders
Ultrasonic Air Flowmeter for Compression Applications
EUEW 64th General Convention: upcoming challenges for European electrical wholesalers
EN 388 Has Changed
Industrial Safety Helmet
Advanced Pyrometers with Line Optics
Electricity generators from tidal streams
Smart Temperature Probe
Robot Portfolio
Unmatched Precision in Distance and Thickness Measurements with Confocal Sensors