The ZF Supervisory Board has appointed Holger Klein as the new CEO. (Photo: ZF)
Dr. Holger Klein will take over the position of CEO of ZF Friedrichshafen from Wolf-Henning Scheider at the turn of 2022/2023. At the same time, dr. Peter Laier took over responsibility for commercial vehicles and industrial technology from Wilhelm Rehm. Similarly at the end of the year, CFO Dr. Konstantin Sauer his many years of work at ZF. The Supervisory Board will decide on his successor in due time.
Until now, Klein has been on the ZF Board of Directors with responsibility for Asia Pacific divisions, auto chassis technology, aftermarket and manufacturing.
“The almost simultaneous completion of the three appointments of proven, successful and valued board members is a special challenge for the company,” says Dr. Heinrich Hiesinger, Chairman of the Supervisory Board of ZF. “We are therefore very pleased to be able to present two successors today; follow-up process for dr. Sauer is now well advanced.
This is the new boss of ZF
Klein joined ZF in 2014 as a longtime international industry expert from the consulting firm McKinsey. From 2015, he managed the integration of the acquired American group TRW Automotive, which he successfully completed earlier than planned. At the beginning of 2017, Dr. Klein heads the Car Chassis Technology division and has adapted the product range there in line with ZF’s “Next Generation Mobility” strategy.
He has been a member of the ZF Board of Directors since fall 2018 and leads the Asia-Pacific and India regions from Shanghai. In addition, he manages the Car Chassis Technology and Aftermarket divisions and is responsible for the global production of ZF. Under his leadership, it was possible in Asia to attract traditional and new customers from the automotive industry for products in strategic future areas of ZF and to strengthen the company’s position as a systems supplier. To make this possible and to take advantage of the rapid technological progress, new development centers and production facilities have been established, especially in China.
“As a board member of Dr. Holger Klein is strongly involved in the strategic planning process for the coming years, which is why he will dynamically continue the successful transformation at ZF and supplement it with his own impulses – says the Chairman of the Supervisory Board, Dr. Heinrich Hiesinger. On October 1, 2022, Klein will initially become Deputy CEO of ZF, and on January 1, 2023, he will take over as CEO from Wolf-Henning Scheider, who is leaving the ZF Group.
Wolf-Henning Scheider, 60, joined ZF as CEO in early 2018, serving as Managing Director and Spokesperson for Automotive Technology at Robert Bosch GmbH and CEO of the Mahle Group. He also manages research and development and sales for the ZF Group. “Wolf-Henning Scheider has set the path for the company’s transformation, has achieved important milestones and will continue this path with ZF over the next six months, enabling a continuity-based transition,” says Hiesinger.
“ZF is in an unprecedented dynamic transformation process. Choosing dr. Holger Klein as the new CEO is a very good and important signal, both internal and external, says Andreas Brand, representative of the Zeppelin Foundation in Friedrichshafen, which owns 93.8% of the shares in ZF. For dr. The Jürgen i Irmgard Ulderup Foundation, which owns a 6.2 percent stake in ZF, emphasizes Dr. Joachim Meinecke: “Dr. Klein has the best qualifications, knows the company, its customers and suppliers, the industry and, above all, the challenges that must be overcome now and in the future. “
Board members Sauer and Rehm are also leaving ZF
Deputy Director General of ZF dr. Konstantin Sauer, responsible for Finance, IT and M&A, retires from many years at ZF at the end of the year. An industrial engineer and PhD in business administration, he came to ZF in 1990, took over as president of the ZF regional office in South America in 2000, and ten years later, he reappeared as group finance director. “Dr. W ZF Konstantin Sauer stands for stability and years of smart financial management. In doing so, he laid the foundation for successful acquisitions, transformation and new growth for the company, ”says Hiesinger in a press release. “The successor of Dr. Sauers will soon regulate the supervisory board. In this difficult year, contrary to his original plans, he has agreed to remain in his position until the end of the year. For this, I would like to thank Konstantin Sauer. “
Board member Wilhelm Rehm, 63, also leaves ZF when his contract expires at the end of the year. The mechanical engineer graduate came to ZF in 2003, took the position of CEO of the then ZF Passau GmbH in 2010 and at the same time became a member of the management board of ZF. Wilhelm Rehm has been a member of the ZF board of directors since 2012 and is responsible for the commercial vehicle solutions (CVS) and industrial technology departments as well as the materials management department.
“As a longtime manager of ZF Commercial Vehicles, Wilhelm Rehm played a key role in the successful integration of the WABCO acquired in 2020 and the launch of the CVS division in early 2022. He also provided an important impetus in industrial technology, for example with the creation of a successful Wind Energy Division by ZF. The Supervisory Board is particularly grateful to him for his many years of commitment and contribution to overcoming the challenges of the last two years, says Hiesinger.
The Supervisory Board appointed Dr. Peter Laier appointed to the Management Board of ZF. The 54-year-old, who has a PhD in engineering, has taken up positions at major companies like Continental and Benteler to Knorr-Bremse in 2016, where he was responsible for the Commercial Vehicle Division until 2021. “Dr. Peter Laier brings decades of industry experience, expertise from the automotive supplier industry and the global commercial vehicle group,” explains Hiesinger. From January 1, 2023, Dr. Laier will lead the Commercial Vehicles Division of ZF, the world’s largest supplier to the commercial vehicle industry. from the Management Board of ZF.