The Supervisory Board of Schaeffler AG has made two appointments to the Board of Management of Schaeffler AG. There is also another personnel change in the Executive Board. This is the Board of Management, which has been expanded to include the four regional CEOs and currently consists of eight members and will have nine members from October 1, 2024.

Thomas Stierle (54), who heads the Electrification Solutions division at Vitesco Technologies, has been appointed to the Board of Management of the new E-Mobility division and a full member of the Board of Management of Schaeffler AG with effect from October 1, 2024. As previously communicated, Dr. Jochen Schröder (53), previously Head of the E-Mobility business division in the Automotive Technologies division at Schaeffler, will also take on the role of CEO of the Europe region on October 1, 2024. In addition, Christophe Hannequin (48) has been appointed Chief Financial Officer and IT and a full member of the Board of Management of Schaeffler AG. He will take up his duties no later than October 1, 2025. His predecessor in the role, Claus Bauer, will fulfill his contract until the end of its term on August 31, 2025.

Thomas Stierle has been responsible for the Electrification Solutions division at Vitesco Technologies since the beginning of 2023. Before that, he headed the Electrification Technology and Electronic Controls divisions. Mr. Stierle began his career in 1995 at Siemens VDO, where he held various management positions in Germany and the USA and later at Continental Automotive GmbH. He has a degree in electrical engineering from the Technical University of Dresden.

Dr. Jochen Schröder joined Schaeffler in 2018. Before that, he worked as CTO at Valeo-Siemens eAutomotive since 2016. He began his career at BMW AG in transmission development and held various management positions in the area of ​​powertrain electrification until 2016. Schröder studied electrical engineering at the Technical University of Hamburg-Harburg and received his doctorate in control engineering there in 2001.

Christophe Hannequin has been Group Chief Financial Officer at the JCB Group in the UK since 2022. Between 2008 and 2022, he held various management positions, mainly in finance, at Michelin in the USA, Canada and France. Before that, he worked in finance functions at Plastic Omnium from 2004 to 2008 and at Saint Gobain between 1999 and 2004. Mr. Hannequin holds an MBA from Wake Forest University School of Business (Babcock) in the USA and a Master of Science from the Bordeaux Graduate School of Management (KEDGE) in France.