on Schaeffler AG (ETR:DE000SHA)
Schaeffler Extends Sascha Zaps' CEO Contract
Schaeffler AG has announced the extension of Sascha Zaps' contract as CEO Bearings & Industrial Solutions, for an additional five years, ahead of schedule. This decision was made during the Supervisory Board's meeting on October 1, 2026, in Herzogenaurach, Germany. Sascha Zaps, who has been with Schaeffler's Board of Managing Directors since May 2024, played a crucial role in driving growth within the company's industrial sector. He brings extensive market and technology knowledge, catering to customers' needs.
Georg F. W. Schaeffler, Chairman of the Supervisory Board, acknowledged Zaps' contributions to the division's sustainable growth, even amidst challenging circumstances. The decision underlines Schaeffler's commitment to continuity and advancing its innovations in bearing solutions and industrial applications.
R. E.
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