MUNICH – ZF CEO Hans-Georg Haerter and former Mercedes-Benz sale and marketing chief Klaus Maier have joined key boards at France's top two suppliers.
Haerter is now a supervisory board member at Faurecia SA, France's largest supplier, and Maier is part Valeo SA's newly formed advisory board. Both moves were announced last week.
Haerter, who remains CEO at ZF, will be counted on for his expertise in the German market and German automakers. Faurecia, which is run by French automaker PSA/Peugeot-Citroen and makes interiors, exhausts and front-end modules, generates more than 40 percent of its annual sales from business with German automakers, a company spokesman said.
Haerter, 65, has been head of ZF, Germany's third-largest supplier after Robert Bosch GmbH and Continental AG, since 2007. He has spent his entire career with ZF, joining the driveline and chassis specialist in 1973 after graduating as a mechanical engineer from Berlin Technical School.
Haerter's term on the Faurecia board ends in 2016.
Maier resigned as Mercedes's global head of sales and marketing for personal reasons, the carmaker said last September. When he left the German premium brand it was struggling due to the global economic crisis and collapsing sales of luxury cars. Since leaving for company, where he worked for 27 years, he has been working as a management consultant.