Change in Schaeffler's Management Board

Matthias Zink (47) has assumed his position as a member of the Executive Board of Schaeffler AG as of January 1, 2017. He is as Co-CEO Automotive responsible for the business divisions Transmission Systems, Automotive Aftermarket and Research and Development for the Automotive division. Matthias Zink will succeed Norbert Indlekofer (59) who left the company on December 31, 2016 at his own request.

Matthias Zink studied mechanical engineering at the University of Karlsruhe. His key area of study was automotive engineering. After his degree in 1994 he started working as a test engineer at the Schaeffler brand LuK in Bühl, Germany. In subsequent years, Matthias Zink has held various leadership positions before becoming responsible for the Clutch Systems Business Unit in 2006. After leading the business unit successfully for six years, he assumed the position as President of Schaeffler Automotive Asia/Pacific in China in 2012. In 2014, Matthias Zink transferred back to Germany to become President of the Transmission Technologies Business Unit. In July 2014, he was appointed President of the Transmission Systems Business Division.

Georg F. W. Schaeffler, Chairman of the Supervisory Board of Schaeffler AG, said: “We are delighted to have appointed Matthias Zink to the Executive Board of Schaeffler AG. Mr. Zink is a long-standing employee of Schaeffler and a renowned expert in transmission systems. He will play a decisive role in the further development of our offering into the direction of electric mobility.”