Klaus Rosenfeld Appointed CEO of Schaeffler AG for a Further 5 Years

Georg F. W. Schaeffler, Chairman of the Supervisory Board of Schaeffler AG: “Klaus Rosenfeld is taking the Schaeffler Group forward successfully in these times of great challenge and change. He is a model of dedication and commitment. Since taking over as Chief Executive Officer in 2014, he has initiated the necessary transformation of the Schaeffler Group and opened the company up for the capital markets. Moreover, by instituting our ‘Mobility for tomorrow’ strategy and our ‘Agenda 4 plus One’ program, he has laid the foundations for our company’s future. We are very pleased that he is available to serve as CEO for further five years and thus continue the successful work that he has undertaken for us over the past years. On behalf of everyone on the Supervisory Board I would like to wish Mr. Rosenfeld and the entire Board of Managing Directors all the very best and every success in mastering the tasks that lie ahead of us.”