ZF CEO Dr. Stefan Sommer Leaves The Company - aftermarketNews

ZF CEO Dr. Stefan Sommer Leaves The Company

Until a successor is appointed, Dr. Konstantin Sauer, finance board member and CEO deputy representative, will assume the role of CEO on an interim basis.

The chairman of the supervisory board of ZF Friedrichshafen AG, Dr. Franz-Josef Paefgen, and CEO Dr. Stefan Sommer have agreed to end their cooperation. Dr. Sommer will step down from his office with immediate effect. Until a successor is appointed, Dr. Konstantin Sauer, finance board member and CEO deputy representative, will assume the role of CEO on an interim basis.    

“We would like to thank Dr. Sommer for his long-standing, successful employment in the company. In his five years of service as the head of ZF, Dr. Stefan Sommer has developed the company with tireless commitment and great vision,” said Paefgen. “The supervisory board will shortly name a successor, and until then, CEO Deputy Dr. Konstantin Sauer will assume the position at the head of the company on an interim basis. As member of the board of management of ZF responsible for finance, IT and M&A activities, he will guarantee the stability of the company and has our complete trust.”

You May Also Like

Goodyear Names New Americas Unit President

Ryan Waldron joined Goodyear in 2003, serving in leadership roles in finance and supply chain for multiple North America business areas.

Goodyear Names New Americas Unit President

The Goodyear Tire & Rubber Company has named Ryan Waldron as president of the company’s Americas business unit, reporting to Chief Executive Officer and President Mark Stewart. He succeeds Steven R. McClellan, who retired on April 1.

“At Goodyear, our customers are at the center of everything we do, and in Ryan Waldron, we have a customer-centric, execution-focused business leader with a deep understanding of both the marketplace and all aspects of our business, as well as a proven track record of delivering results,” Stewart said. “I am thrilled to announce him as president of Goodyear’s Americas business and have enormous confidence that under his leadership, both the company and our customers will reach even greater levels of success.”

Bartec TPMS Announces Addition to Field Service Team

Joe Miller has been involved in the automotive industry his entire career, starting in the family automotive shop, and over the years working his way through all the shop positions.

BARTEC TPMS
Grote Names Star Safety Technologies’ Regional Sales Manager

Gunther Hochapfel brings more than 18 years of experience in the safety and warning technology industry to the company.

Continental Appoints New ‘Head of Region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the US and Canada.

Continental Rob Schroeder
Eaton Names Senior Vice President and Controller

Adam Wadecki currently serves as senior vice president of internal audit.

Eaton Names Senior Vice President and Controller

Other Posts

CAPA Elects New Members to Board of Directors, Tech Committee

The Certified Automotive Parts Association announced the election of four members to its board of directors and three members to its technical committee.

ZF Cleans Up Metro Park for Earth Day

ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.

ZF Cleans up Metro Park
Boland Takes New Legislative Role at LKQ

Catherine Boland, who spent more than 13 years as the vice president of legislative affairs for MEMA, has taken on a new role at LKQ.

Holley Performance Names New Senior Vice President

Jordon Musser joined the company as SVP, Safety and Electronics Product categories.

Holley Performance Brands Names Senior Vice President of Safety and Electronics Product Categories