During its recent meeting, the Supervisory Board of Schaeffler AG announced key appointments to its Board of Managing Directors. Additionally, changes were made to the Executive Board, which currently consists of eight members, including the four regional CEOs, and will expand to nine members starting October 1, 2024.
Thomas Stierle, 54, presently CEO of the Electrification Solutions division at Vitesco Technologies, has been named CEO of Schaeffler’s newly formed E-Mobility division and will join the Executive Board effective October 1, 2024. Dr. Jochen Schröder, 53, who has been leading Schaeffler’s E-Mobility business division within Automotive Technologies, will take on the role of Regional CEO for Europe on the same date.
Furthermore, Christophe Hannequin, 48, has been appointed Chief Financial Officer (CFO) and will join the Executive Board by October 1, 2025, at the latest. His predecessor, Claus Bauer, will remain in his role until his contract ends on August 31, 2025.
Stierle has been with Vitesco Technologies since early 2023, overseeing Electrification Solutions, and previously managed Electrification Technology and Electronic Controls at Siemens VDO and Continental Automotive in Germany and the U.S.
Dr. Schröder, who joined Schaeffler in 2018, has a background at Valeo-Siemens eAutomotive and BMW AG, where he worked in powertrain electrification. Hannequin, currently CFO at JCB Group, brings extensive financial expertise from roles at Michelin, Plastic Omnium, and Saint Gobain, with international experience spanning the U.S., Canada, and France.
Georg F. W. Schaeffler, family shareholder and Chairman of the Supervisory Board, emphasized the importance of these appointments in aligning Schaeffler with the upcoming merger with Vitesco Technologies. He highlighted Stierle’s role in advancing e-mobility, Schröder’s expertise in automotive electrification, and Hannequin’s strong financial background, all of which will position Schaeffler for future growth.
