TROY, Mich. ­– The supervisory board of Schaeffler AG has appointed Dr. Stefan Spindler as a member of the board of managing directors at Schaeffler AG, effective May 1.

Before joining the Schaeffler Group, Dr. Spindler was a member of the executive board at Bosch Rexroth responsible for the Mobile Applications business division. He succeeds Robert Schullan, CEO of the Industrial division, who will leave the Schaeffler Group on May 1 to pursue new career opportunities.

Georg F. W. Schaeffler, chairman of the supervisory board of Schaeffler AG, said, “With Dr. Spindler, we are gaining a very experienced executive manager for our Industrial division who will consistently continue Mr. Schullan’s work, in particular with regard to the worldwide customer business. Mr. Schullan has been working for the Schaeffler Group for approximately 30 years. During this time, he has made an outstanding contribution to the successful development of the Schaeffler Group’s industrial business. We thank Mr. Schullan for his contribution over the past three decades at the Schaeffler Group and wish him all the very best for his future career. We wish Dr. Spindler every success in his new and challenging role.”