The Supervisory Board of Schaeffler AG has appointed Matthias Zink, global head of the Transmissions Systems business division, as a member of the Schaeffler AG Executive Board. His appointment is effective as of Jan. 1, 2017.
Zink will succeed Norbert Indlekofer, whose contract was not extended at his own request. Indlekofer will leave the company on Dec. 31, and will continue to perform his role as co-CEO of the Automotive division until that time.
The Supervisory Board also decided to extend the contract of Prof. Dr. Peter Pleus, also co-CEO of the Automotive division, for an additional two years until Dec. 31, 2018.
Commenting on these changes, Georg F. W. Schaeffler, chairman of the Supervisory Board of Schaeffler AG, said, “We are delighted to have appointed Matthias Zink, a top talent from the Schaeffler Group, to the Executive Board of Schaeffler AG. This is an important signal. At the same time the agreed succession model ensures continuity. Indlekofer will continue to carry out his duties in his usual energetic manner until the end of the year.”
