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Schaeffler Wants its Conti Board Seats

Schaeffler Group wants board seats for CEO Juergen Geissinger, CFO Thomas Hetmann, Maria-Elisabeth Schaeffler and her son Georg.

aftermarketNews Staff
By aftermarketNews Staff
Published:

Reports out of Europe say that Schaeffler Group wants to place four of its top managers on Continental AG’s supervisory board – as soon as possible.

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Schaeffler Chief Maria-Elisabeth Schaeffler told Frankfurter Allgemeine Sonntagszeitung of the board placement that they may not want to wait until Conti’s next shareholder meeting, set for April 2009, adding, "After all, we will soon be a major shareholder.”

Schaeffler Group wants board seats for CEO Juergen Geissinger, CFO Thomas Hetmann, Maria-Elisabeth Schaeffler and her son Georg.

Meanwhile, financial issues may imperil Schaeffler. Last week, Handelsblatt newspaper cited sources at Continental as saying Schaeffler required some $5.3 billion to $9.3 billion of fresh capital for the short term. Schaeffler declined to comment, according to reports. (Courtesy of Tire Review)

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Lubrication Specialties Announces Marketing Hire and Promotion

Matthew Steinmetz was named field marketing rep and Kaysie Keen was promoted to a newly created position of field marketing manager.

Emma Henderson
By Emma Henderson
Emma Henderson is the Managing Editor of aftermarketNews and Counterman. She joined Babcox after a career as a television reporter for stations across the Midwest. Contact her at [email protected]
Published:
LSI Promotions

Lubrication Specialties announces new support for Hot Shot’s Secret field events with the addition of Matthew Steinmetz to field marketing representative and the promotion of Kaysie Keen to a newly created position, field marketing manager.

Keen previously served in a support role in the marketing department as a marketing project specialist. In her new role, she will now report to Kyle Fischer, Hot Shot’s Secret’s director of field marketing & partnerships. In this new role, Keen will manage all event assets, inventory, track and report on field sales, assist with contract negotiations, monitor and screen sponsorship applications, and coordinate all event details, Lubrication Specialties said.

Read Full Article

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