Hella has promoted CFO Bernard Schäferbarthold to CEO, succeeding Michel Favre at the German lighting supplier.
Schäferbarthold has been CFO since 2016, and he will continue in that role until a successor is named, the company said Friday.
Before joining Hella that year, he was CFO of wind-turbine maker Nordex from 2007, and had been an executive at the accounting company Warth & Klein.
Hella is a part of Forvia, the group that was formed in early 2022, when the French supplier Faurecia acquired most of the shares of Hella in a transaction valued at $6 billion that was one of the largest M&A activities in the European parts sector in recent years.
Faurecia and Hella operate under the Forvia name.
Favre, who was then the CFO of Faurecia, was named to lead Hella in February 2022. Before joining Faurecia in 2012, he was CFO at energy companay Rexel and the supermarket company Casino Group.
Faurecia CEO Patrick Koller has said that the combined company would seek to generate 33 billion euros in revenue by 2025.
Forvia ranks eighth on the Automotive News Europe list of top 100 global suppliers, with automotive revenue of $26.8 billion in 2022.
