From Tire Review
Schaeffler AG has appointed industry veteran Klaus Deller as its CEO. The hire comes as the German-based company works to strengthen cooperation with car-component producer Continental Ag.
Deller currently serves as the head of commercial-vehicle braking systems at Knorr-Bremse AG. Effective July 1, he will serve as CEO of Schaeffler.
Deller succeeds Klaus Rosenfeld, who temporarily took on CEO responsibilities in addition to his chief financial officer post in October after the founding family ousted Juergen Geissinger from the top job. Schaeffler is jointly owned by Maria-Elisabeth Schaeffler and her son Georg Schaeffler.