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Schaeffler AG Industriestraße 1-3 91074 Herzogenaurach, Germany http://www.schaeffler-group.com
Contact Mr Christoph Beumelburg +49 9132 825000
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Schaeffler AG

Change in the Executive Board of Schaeffler AG

(PresseBox) (Herzogenaurach, )
Georg F. W. Schaeffler und Maria-Elisabeth Schaeffler, sole shareholders of Schaeffler Group, have decided to appoint Klaus Rosenfeld (48) for a five-year term as Chief Executive Officer of Schaeffler AG.

At the same time, the current contract with Chief Technology Officer Prof. Dr. Peter Gutzmer (60) shall be extended by another five years. He shall also become Deputy Chief Executive Officer of Schaeffler AG.

Following relevant approvals, this means that Klaus Deller will not assume the position of Chief Executive Officer of Schaeffler AG on July 1, 2014 as previously planned.

Georg F. W. Schaeffler and Maria-Elisabeth Schaeffler said: "The Executive Board of Schaeffler AG has done an exceptional job over the past months. We are convinced that continuity is in the interest of our company."

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Schaeffler AG

Schaeffler with its product brands INA, LuK and FAG is a leading global provider of rolling bearing and plain bearing solutions and of linear and direct drive technology, as well as a renowned supplier to the automotive industry of high-precision products and systems for engines, transmissions and chassis. The group of companies with operations around the world generated revenue of approximately €11.2 billion in 2013. With more than 79,000 employees worldwide, Schaeffler is one of the largest German and European technology companies in family ownership. With 170 locations in 49 countries, Schaeffler has a worldwide network of manufacturing locations, research and development facilities, sales companies, engineering offices, and training centers.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.