Partly cloudy
10 °C
Bridgeport, Connecticut
Partly cloudy

Sun Apr 21 2019
none

SCHAEFFLER ESTABLISHES TEAM FOR THE FUTURE

22-03-2019
by 
in 
Dharmesh Arora, Schaeffler Asia-Pacific

The executive board of German bearings manufacturer Schaeffler AG has made appointments based on decisions by the company’s supervisory board on 1st March 2019. The executive board will continue to consist of eight managing directors and the four regional CEOs, but the new appointees will make the team younger and more international. Its members are almost exclusively leaders with many years of experience within the Schaeffler group.

Uwe Wagner was appointed to the executive board as successor to Professor Peter Gutzmer and Matthias Zink, CEO of the Automotive OEM division, had his contract extended by a further five years. In addition, new regional CEOs for the Americas and Asia-Pacific will take on their roles and join the board on 1st October 2019.

Marc McGrath will take over as CEO for the Americas from Bruce Warmbold, who will retire at the end of the year. McGrath began his career at Schaeffler in 1988 as a student. He is a graduate in mechanical engineering and has held various management positions at Schaeffler. Since 2016, he has been leading the Automotive division in the Americas.

The Asia-Pacific region will be led by Dharmesh Arora, currently CEO of Schaeffler India, the only listed subsidiary in the Schaeffler Group, succeeding Helmut Bode. Arora joined Schaeffler in 2012 and has made a significant contribution to strengthening Schaeffler’s position in India. He previously held management positions in India, Thailand and the USA.

Commenting on the appointments, Schaeffler AG CEO Klaus Rosenfeld said: “With the personnel changes announced today, the team for the future is complete. It is younger, even more international, and is essentially recruited from within its own ranks. In the face of the impending transformation, there is nothing more important than a strong team at the top, which stands together well. We are taking steps to successfully lead the Schaeffler Group into the future as a global automotive and industrial supplier.”

Schaeffler Australia
02 8977 1000
www.schaeffler.com.au

Related news & editorials

  1. 18.04.2019
    18.04.2019
    by      In
    Australian energy generator and supplier AGL has secured the right to develop, own and operate a 250MW pumped hydro energy storage project at Hillgrove Resources’s Kanmantoo copper mine in South Australia’s Adelaide Hills, about 50km south-west of Adelaide. The mine has been in operation since 2010... Read More
  2. 18.04.2019
    18.04.2019
    by      In
    The installation of a new, state‐of‐the‐art mobile harbour crane in Simec Mining’s port in Whyalla, South Australia has further increased the port’s third‐party cargo capabilities. The impressive crane will replace the long‐serving stockbridge and significantly improve the port’s reliability and... Read More
  3. 18.04.2019
    18.04.2019
    by      In
    Resin flooring manufacturer Flowcrete Australia’s NSW team has moved to a larger facility in order to meet the growing demand for its products.
    Flowcrete, which started operating from the new premises in February, chose the site as it enabled the growing business to increase its stock levels and... Read More
  4. 18.04.2019
    18.04.2019
    by      In
    The Premier’s Sustainability Awards, Victoria’s leading sustainability awards program, are now open for entries, featuring a new category celebrating the outstanding contribution made by volunteers.
    Joining the program’s existing ten categories, the Environmental Volunteering category recognises... Read More