Schaeffler names new CFO ahead of expected merger: Report
Schaeffler has also announced the appointment of Vitesco Technologies' Thomas Stierle as head of the company's new E-Mobility division.
3485 Views
Schaeffler on Friday appointed Christophe Hannequin as the CFO, Reuters reported. The present CFO Claus Bauer will remain in his role till 31 August, 2025. Hannequin, the present CFO of JCB Group, will take over by October 1, 2025, the newswire noted.
Schaeffler has also announced the appointment of Vitesco Technologies' Thomas Stierle as head of the company's new E-Mobility division, the newswire reported.
These appointments come on the heels of the expected merger with Vitesco Technologies on October 1, Reuters reported.
On Thursday, CEO Klaus Rosenfeld told German media that Schaeffler will put into effect job cuts after the merger. The two firms agreed to the takeover last November, with Schaeffler aiming to up its focus on EV parts, the newswire reported.
RELATED ARTICLES
Trump slashes import tariff for UK-made vehicles to 10%
Autocar Professional Bureau
09 May 2025
Tax applies to first 100,000 cars exported from UK to US; reduced from a previously announced 25% rate.
Hyundai Mobis develops battery system with built-in fire extinguishing feature
Autocar Professional Bureau
06 May 2025
The new system prevents heat from being transferred to adjacent cells and extinguishes a fire early by spraying an agent...
FORVIA and Smart Eye unveil in-car iris and facial biometric authentication
Autocar Professional Bureau
06 May 2025
This world-first innovation not only enhances the user experience by enabling seamless and secure payments but also open...
