Dietmar Heinrich leaves in 2020
Schaeffler CFO does not extend contract
Dietmar Heinrich, Chief Financial Officer of Schaeffler AG since August 2017, has decided not to extend his current contract, which runs until July 31, 2020, for personal reasons.
Georg F. W. Schaeffler, family shareholder and Chairman of the Supervisory Board of Schaeffler AG, said: "We regret Mr. Heinrich's decision. In his almost twenty-five years of service to Schaeffler in various positions, Mr. Heinrich has rendered outstanding service to the company. We wish him all the best for his personal and professional future."
Klaus Rosenfeld, CEO of Schaeffler AG, added: "In his role as Chief Financial Officer, Dietmar Heinrich has strengthened the finance function, improved capital market communications and helped to implement the Schaeffler Group's efficiency programs. My colleagues on the Executive Board and I respect his decision with regret."
A succession plan will be announced in due course.
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