Transportation technology company ZF has reformed its board of management for 2023. As of Jan. 1, Dr. Holger Klein has been the company's CEO. Two new board members have been appointed: Michael Frick, chief financial officer, and Dr. Peter Laier, in charge of commercial vehicle and industrial technology. In addition, the board has been reduced from seven to six members, according to a ZF press release.
“Together with the board of management team and our employees worldwide, I am really looking forward to realizing our concept of sustainable, safe, and affordable mobility for everyone,” said CO Dr. Holger Klein. “At the same time, climate protection and digitalization, transforming markets, and the increasingly unstable economic environment require anticipation and speedy reactions. We feel confident—after all, for the last 108 years, ZF has proven that we know how to transform!”
Klein joined ZF Friedrichshafen AG in 2014 and was appointed to the board of management in 2018. As the new CEO, he is responsible for corporate sales, research and development, the system house of autonomous mobility systems, and the aftermarket division.
Michael Frick and Dr. Peter Laier assumed their board of management functions at the same time as Dr. Klein. Laier is responsible for commercial vehicle and industrial technology, the corporate production department, and the region of India. Frick, who joined ZF in December 2022, has served as CFO since January 1 and also heads M&A, IT, and digitalization.
Dr. Martin Fischer, an existing board member, now also leads the car chassis technology division and his previous responsibilities (active and passive safety systems, electronics and ADAS divisions, North and South America regions, and corporate quality) at his office in the U.S. Asia-Pacific region.
Stephan von Schuckmann will be in charge of both the materials management department and electrified powertrain technologies division.
The responsibilities of Sabine Jaskula, chief human resources officer in charge of human resources, sustainability, legal, and compliance, remain unchanged.