Klaus Rosenfeld extended as CEO of Schaeffler Group

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Byadmin

Dec 20, 2023
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On December 15th, the supervisory board of Schaeffler Group held a meeting and announced the extension of CEO Klaus Rosenfeld’s term for five years.

Klaus Rosenfeld

Klaus Rosenfeld joined Schaeffler Group as Chief Financial Officer in March 2009 and took over as CEO in October 2013. In June of the following year, he was officially appointed as the CEO of Schaeffler Group. Under the leadership of Klaus Rosenfeld, Schaeffler Group successfully went public in October 2015 and released its “2025 Strategic Plan” in 2020, laying a solid foundation for Schaeffler’s commitment to becoming a leading technology company focused on driving technology.

On November 15, 2023, Schaeffler Group issued a merger and acquisition offer to publicly acquire all outstanding shares of Weipai Technology. The transaction will be completed in three steps, with the acquisition offer being the first step, with the aim of ultimately integrating Weipai Technology into Schaeffler Group, aiming to build the company into a leading technology company focused on driving technology. The merged company will establish four major business units, including the highly promising electric drive business unit, committed to gaining a leading advantage in the corresponding business markets.

Mr. Klaus Rosenfeld insists on balancing inheritance and development. In the past decade, he has successfully led the company through difficult periods, launched the 2025 strategy, and planned the company’s future blueprint. This time, he initiated the merger plan with Weipai Technology, leading the company to take another strategic transformation step and develop towards a leading technology company focused on driving technology.

We are very pleased that Mr. Rosenfeld will continue to serve as the CEO of Schaeffler Group, promoting the implementation of the merger plan with Weipai Technology. I am looking forward to continuing to work with Mr. Rosenfeld, and on behalf of all members of the supervisory board, I wish him continued success in his future work.

——Schaeffler Group’s family shareholders and chairman of the supervisory board

George F W. Schaeffler

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