Skip to main content
Sister Publication Links
  • Automotive News
  • Automobilwoche
  • Automotive News Canada
  • Automotive News China
Subscribe
  • Subscribe
  • Newsletters
  • Login
  • HOME
    • Latest news
    • Automakers
    • Suppliers
    • New Product
    • Environment/Emissions
    • Sales By Market
    • On The Move
    • Auto Shows
    • Munich Auto Show
    • Geneva Auto Show
    • Paris Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
  • Features
    • Long Read
    • Interview of the Month
    • Focus on Electrification
    • Focus on Technology
    • Segment Analysis
    • Cars & Concepts
    • Supplier Spotlight
    • Europe By The Numbers
  • Opinion
    • Blogs
    • Commentary
    • Guest columnists
  • Photos
    • Photo Galleries
    • Geneva Photo Gallery
    • Beijing Photo Gallery
    • Frankfurt Photo Gallery
    • Paris Photo Gallery
    • Shanghai Photo Gallery
  • Podcasts
  • Car Cutaways
  • EVENTS
    • ANE Congress
    • ANE Rising Stars
    • ANE Eurostars
    • Browse photos from the 2021 awards ceremony
  • More
    • Publishing Partners
    • Social Media
    • Contact Us
    • Media Kit
    • About Us
    • Capgemini: Securing the industry's future through a radical rethink
    • Capgemini: Succeeding with the automated driving journey through AI
    • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
    • HEXAGON: Plugging into data is the only way to make winning EVs
    • TUV Rheinland: Battery testing center for large battery packs and more
    • TUV Rheinland: Ideas, services and certifications for smart mobility
    • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
    • Toyota Europe
    • UFI Filters
    • Facebook
    • Instagram
    • LinkedIn
    • Twitter
MENU
Breadcrumb
  1. Home
  2. On the Move
July 08, 2022 11:04 AM

ZF names board member Holger Klein as next CEO

Already responsible for the supplier's chassis control unit and Asia-Pacific region, Klein will succeed Wolf-Henning Scheider, who will leave the supplier in early 2023.

Peter Sigal
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Holger Klein ZF 2022

    Holger Klein, 52, joined ZF in 2014 from McKinsey, and later worked on the integration of U.S. supplier TRW Automotive. 

    ZF Friedrichshafen has named Holger Klein, a current management board member focusing on China, as its next chairman and CEO, succeeding Wolf-Henning Scheider, who will leave the company at the start of 2023.

    ZF also said that Chief Financial Officer Konstantin Sauer and Commercial Vehicles chief Wilhelm Rehn would leave the company. Those changes take effective at the end of 2022, the supplier said Friday in a statement.

    Scheider, 60, joined ZF in 2018 from Mahle, where he was chairman and CEO. Before that he was head of the Automotive Technology business at Robert Bosch. He announced in March that he would be stepping down at the end of this year.

    Related Article
    ZF CEO Scheider to step down early next year

    Klein, 52, joined ZF in 2014 from management consultancy McKinsey. He led the integration of TRW Automotive after ZF's controversial purchase of the U.S. supplier in 2015, and in 2017 became head of the Car Chassis Technology Division.

    Klein has been a member of ZF's management board since 2018, with current responsibility for the Asia-Pacific and India regions from his base in Shanghai. He also manages Car Chassis Technology, aftermarket and ZF's worldwide production.

    "As a board member, Dr. Holger Klein was intimately involved in the strategic planning process for the coming years," Supervisory Board Chairman Heinrich Hiesinger said in a statement. "He will dynamically continue the successful transformation at ZF." 

    Wolf-Henning Scheider joined ZF in 2018 from Mahle and Bosch. 

    Under Klein, ZF won new customers among established automakers and new entrants in China, ZF said, and was instrumental in positioning ZF as a systems, rather than components, supplier.

    ZF is not publicly traded. The Zeppelin Foundation, which is administered by the city of Friedrichshafen, controls 94 percent of the company’s shares. It ranks third on the Automotive News Eruope list of top 100 global suppliers, with sales to automakers of $39.3 billion in 2021.

    ZF is forecasting sales of 40 billion euros in 2022, with an adjusted EBIT margin of 4.5 to 5.5 percent. Free cash flow is predicted to be 1.5 billion to 2 billion euros.

    A replacement has not been named yet for Sauer, 62, who joined ZF in 1990 and has been CFO since 2010.

    Wilhelm will be replaced as head of commercial vehicles by Peter Laier, who until 2021 was head of commercial vehicles at supplier Knorr-Bremse.

    RECOMMENDED FOR YOU
    Opel/Vauxhall names Stellantis Africa-Middle East exec as head of sales
    Recommended for You
    Opel sales boss Christophe Mandon 2022
    Opel/Vauxhall names Stellantis Africa-Middle East exec as head of sales
    Mini Ulrike von Mirbach 2022
    Mini gets new Europe boss ahead of electric shift
    ChiangEvelyn.jpg
    Lucid adds business, logistics execs as EV maker expands to Europe, Middle East
    Sign up for free newsletters
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Get Free Newsletters

    Sign up and get the best of Automotive News Europe delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    SUBSCRIBE TODAY

    Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business.

    SUBSCRIBE NOW
    Connect with Us
    • Twitter
    • Facebook
    • LinkedIn
    • Instagram

    Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI  48207-2997
    Tel: +1 877-812-1584

    Email Us

    ISSN 2643-6590 (print)
    ISSN 2643-6604 (online)

     

    Resources
    • About us
    • Contact Us
    • Advertise with us
    • Advertise with Us
    • Ad Choices Ad Choices
    • Sitemap
    Awards
    • Rising Stars
    • Eurostars
    • Leading Women
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Automotive News Europe
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • HOME
      • Latest news
      • Automakers
      • Suppliers
      • New Product
      • Environment/Emissions
      • Sales By Market
      • On The Move
      • Auto Shows
        • Munich Auto Show
        • Geneva Auto Show
        • Paris Auto Show
        • Beijing Auto Show
        • Shanghai Auto Show
    • Features
      • Long Read
      • Interview of the Month
      • Focus on Electrification
      • Focus on Technology
      • Segment Analysis
      • Cars & Concepts
      • Supplier Spotlight
      • Europe By The Numbers
    • Opinion
      • Blogs
      • Commentary
      • Guest columnists
    • Photos
      • Photo Galleries
      • Geneva Photo Gallery
      • Beijing Photo Gallery
      • Frankfurt Photo Gallery
      • Paris Photo Gallery
      • Shanghai Photo Gallery
    • Podcasts
    • Car Cutaways
    • EVENTS
      • ANE Congress
      • ANE Rising Stars
      • ANE Eurostars
        • Browse photos from the 2021 awards ceremony
    • More
      • Publishing Partners
        • Capgemini: Securing the industry's future through a radical rethink
        • Capgemini: Succeeding with the automated driving journey through AI
        • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
        • HEXAGON: Plugging into data is the only way to make winning EVs
        • TUV Rheinland: Battery testing center for large battery packs and more
        • TUV Rheinland: Ideas, services and certifications for smart mobility
        • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
        • Toyota Europe
        • UFI Filters
      • Social Media
        • Facebook
        • Instagram
        • LinkedIn
        • Twitter
      • Contact Us
      • Media Kit
      • About Us