March 03, 2015 7:18 PM ET

Auto Components

Company Overview of Schaeffler AG

Company Overview

Schaeffler AG, together with its subsidiaries, develops and manufactures high-precision products for machines, equipment, vehicles, and aviation and aerospace applications worldwide. It operates in two segments, Automotive and Industrial. The Automotive segment offers wheel bearings; chassis and steering components; transmission components; torsion dampers; valve train systems; camshaft phasing units; electric drives; engine components; and valve control systems for the automotive sector, as well as distributes spare parts for passenger cars and commercial vehicles. The Industrial segment provides rolling and plain bearings, linear guidance systems, maintenance products, monitoring systems, ...

Industriestrasse 1-3

Herzogenaurach,  91074

Germany

Founded in 1883

81,670 Employees

Phone:

49 9132 820

Fax:

49 9132 82 4950

Key Executives for Schaeffler AG

Chief Executive Officer
Age: 52
Deputy Chief Executive Officer, Chief Financial Officer and Member of the Executive Management Board
Age: 49
Chief Operating Officer and Member of The Executive Management Board
Member of The Executive Management Board and Chief Executive Offiver of Automotive
Member of The Executive Management Board and Chief Executive Officer of Automotive
Compensation as of Fiscal Year 2014.

Schaeffler AG Key Developments

Schaeffler To Reportedly List

Schaeffler AG is considering a listing in what could be a multibillion-euro stock offering, Wall Street Journal reported citing people familiar with the situation. Though Schaeffler AG's owners Maria-Elisabeth Schaeffler-Thumann and her son Georg Schaeffler are yet to give the green light to an initial public offering, floating a minority stake in Schaeffler AG is a likely option, the people said. Schaeffler AG is yet to mandate investment banks to pursue the initial public offering. A Schaeffler AG spokesman declined to comment.

Schaeffler Announces Management Changes, to Invest EUR 200 Million

Schaeffler has appointed Ulrich Hauck as chief financial officer with effect from April 1, 2015. He will take over from Klaus Rosenfeld, who has been acting as CEO and CFO since October 2013. Hauck previously worked as head of the accounting and group controlling at Bayer AG and as tax consultant at Deloitte. The company announced it will invest some EUR 200 million in the expansion of its European distribution network over the next few years. The investment includes the building of four new locations. The company will start construction of its new European distribution centre in Kitzingen, south-eastern Germany, in the first quarter of 2016. A total of EUR 150 million has been earmarked for this project. The centre is scheduled to launch operations in autumn 2017 and will have up to 250 employees. The company will also build new distribution centres for northern and southern Europe, in Sweden and Italy, respectively. The location of the planned additional distribution centre for western Europe is yet to be determined.

Schaeffler AG Presents at Deutsche Bank 2015 Global Auto Industry Conference, Jan-13-2015

Schaeffler AG Presents at Deutsche Bank 2015 Global Auto Industry Conference, Jan-13-2015 . Venue: MGM Grand Detroit, 1777 Third Street, Detroit, MI 48226, United States.

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