Schaeffler names new CFO ahead of expected merger: Report
Schaeffler has also announced the appointment of Vitesco Technologies' Thomas Stierle as head of the company's new E-Mobility division.
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Schaeffler on Friday appointed Christophe Hannequin as the CFO, Reuters reported. The present CFO Claus Bauer will remain in his role till 31 August, 2025. Hannequin, the present CFO of JCB Group, will take over by October 1, 2025, the newswire noted.
Schaeffler has also announced the appointment of Vitesco Technologies' Thomas Stierle as head of the company's new E-Mobility division, the newswire reported.
These appointments come on the heels of the expected merger with Vitesco Technologies on October 1, Reuters reported.
On Thursday, CEO Klaus Rosenfeld told German media that Schaeffler will put into effect job cuts after the merger. The two firms agreed to the takeover last November, with Schaeffler aiming to up its focus on EV parts, the newswire reported.
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