ZF Friedrichshafen AG has announced that Wolf-Henning Scheider will succeed Dr Konstantin Sauer as Chief Executive Officer and head of the ZF Group. Sauer, who was appointed as interim CEO following the departure of Dr Stefan Sommer in December 2017, will resume his position as CFO.
Scheider is reported to have many years of management experience in technology companies such as Robert Bosch GmbH and most recently at Mahle Group. He joined Mahle’s executive management in April 2015 and assumed the role of chairman and CEO of the company in July 2015.
“As Mahle’s CEO, Wolf-Henning Scheider demonstrated outstanding competence in regards to a game changing transformation process,” stated ZF’s Chairman of the Supervisory Board Dr Franz-Josef Paefgen.
“Scheider is an industry expert and a leader that stands for continuity – with both his technical and interpersonal skills. He will systematically continue to execute our Strategy ZF 2025,” explained Paefgen. “He is also a visionary and stands for guided change. With sensitivity and in constant exchange with all parties involved, he will guide ZF through the challenging transformation process which the whole automotive industry is currently facing.”
“Special thanks goes to Dr. Konstantin Sauer who assumed the role of ZF’s CEO in addition to his function as CFO during the transition phase and as such, delivered stability for the company,” added Paefgen. “I would also like to thank Mahle GmbH which enabled the quick and straightforward move of Wolf-Henning Scheider. The fact that the product portfolios do not have any overlaps has helped significantly in this process.”