ZF Friedrichshafen, in a widely expected move, named Robert Bosch's former automotive division head, Wolf-Henning Scheider, as its new CEO. The move is effective Feb. 1.
Scheider, 55, will replace CFO Konstantin Sauer, who filled in as ZF's CEO when Stefan Sommer left last month amid boardroom disagreements over the supplier's expansion strategy.
"Scheider is an industry expert and a leader that stands for continuity -- with both his technical and interpersonal skills. He will systematically continue to execute our Strategy ZF 2025," ZF Chairman Franz-Josef Paefgen said in a statement.
After graduating in 1987, Scheider joined a Bosch trainee program. From there, he held different posts at Bosch, including vice president of power tools in France and CEO of the car multimedia division in Germany. Eventually, he was tasked with leading the supplier's automotive group in 2013.
In 2015, Scheider left Bosch to lead engine components maker Mahle as CEO.