Schaeffler appoints new Head of Investor Relations

EQS-News: Schaeffler AG / Key word(s): Personnel
Schaeffler appoints new Head of Investor Relations

03.06.2024 / 11:06 CET/CEST
The issuer is solely responsible for the content of this announcement.

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  * Vitesco Technologies' Heiko Eber appointed as Head of Investor Relations
    (IR) at Schaeffler

  * Renata Casaro to lead newly created Global Risk & Macroeconomic Analysis
    unit

  * Head of IR to report to Schaeffler CFO, Head of Global Risk &
    Macroeconomic Analysis to report to CEO

Herzogenaurach | June 3, 2024 | Schaeffler AG announced two important
leadership changes within the management level directly below the Board of
Managing Directors effective June 1, 2024. Heiko Eber, previously Head of
Investor Relations (IR) at Vitesco Technologies Group AG, will lead Investor
Relations at Schaeffler AG. Renata Casaro, who has been in charge of IR at
Schaeffler since 2017, will lead the newly created Global Risk &
Macroeconomic Analysis unit going forward. Both Schaeffler and Vitesco
Technologies are confident that their planned merger will become effective
at the beginning of the fourth quarter of this year.

Heiko Eber took over responsibility for IR at Vitesco Technologies in 2021
and was also in charge of preparing the spin-off from Continental AG
starting in 2019. He joined Continental in 2011 and previously worked for
Siemens AG. Heiko Eber will report to Group CFO Claus Bauer.

Renata Casaro joined Schaeffler AG in 2017. Prior to Schaeffler she was Head
of IR at Henkel AG & Co KGaA and Bulgari SpA and worked for several
financial institutions. In her new role she will continue to report to Group
CEO Klaus Rosenfeld.

"With his extensive experience gained in the industrial and automotive
sectors, his track record in our sister companies and his contributions
during the current integration phase Heiko Eber will accompany the next
phase of our transformation as a leading Motion Technology Company. The
strong foundation of Schaeffler's transparent capital markets communications
will serve as a good fundament for building a compelling equity story of
Schaeffler New," said Claus Bauer, CFO of Schaeffler AG.

Klaus Rosenfeld, CEO of Schaeffler AG, added: "I would like to thank Renata
Casaro for relentlessly shaping financial communications at Schaeffler in a
dependable, transparent, and consistent way. She accompanied the first
transformation phase of Schaeffler Group and contributed to its strategic
direction. At the same time, I look forward to working with Heiko Eber who
brings in a wealth of experience within our industries. I am delighted that
Renata Casaro will continue to support us on our journey based on her
previous experiences in Banking and in Corporates to contribute to
Schaeffler´s resilience in this increasingly complex macroeconomic and
geopolitical environment. I wish each of them success in their new roles."


Forward-looking statements and projections

Certain statements in this press release are forward-looking statements. By
their nature, forward-looking statements involve a number of risks,
uncertainties and assumptions that could cause actual results or events to
differ materially from those expressed or implied by the forward-looking
statements. These risks, uncertainties and assumptions could adversely
affect the outcome and financial consequences of the plans and events
described herein. No one undertakes any obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. You should not place any undue
reliance on forward-looking statements which speak only as of the date of
this press release. Statements contained in this press release regarding
past trends or events should not be taken as representation that such trends
or events will continue in the future. The cautionary statements set out
above should be considered in connection with any subsequent written or oral
forward-looking statements that Schaeffler, or persons acting on its behalf,
may issue.

Schaeffler Group - We pioneer motion

The Schaeffler Group has been driving forward groundbreaking inventions and
developments in the field of motion technology for over 75 years. With
innovative technologies, products, and services for electric mobility,
CO-efficient drives, chassis solutions, Industry 4.0, digitalization, and
renewable energies, the company is a reliable partner for making motion more
efficient, intelligent, and sustainable - over the entire life cycle. The
Motion Technology Company manufactures high-precision components and systems
for drive train and chassis applications as well as rolling and plain
bearing solutions for a large number of industrial applications. The
Schaeffler Group generated sales of EUR 16.3 billion in 2023. With around
83,400 employees, the Schaeffler Group is one of the world's largest
family-owned companies and one of the most innovative companies in Germany.


Contact

   Dr. Axel Lüdeke Head of Group          Renata Casaro Head of Global
   Communications & Public Affairs        Risk and Macroeconomic Analysis
   Schaeffler AG, Herzogenaurach,         Schaeffler AG, Berlin, Germany
   Germany phone: +49 9132 82 8901        phone: +49 30 206 4152 25 email:
   email:                                 (1)renata.casaro@schaeffler.com
   (1)axel.luedeke@schaeffler.com  1.     1.
   mailto:axel.luedeke@schaeffler.com     mailto:%20renata.casaro@schaeffl
                                          er.com
   Matthias Herms Head of                 Heiko Eber Head of Investor
   Communications Finance and             Relations Schaeffler AG,
   Sustainability Schaeffler AG,          Herzogenaurach, Germany phone:
   Herzogenaurach, Germany phone: +49     +49 9132 82 88125 email:
   9132 82 37314 email:(1)                (1)heiko.eber@schaeffler.com  1.
   matthias.herms@schaeffler.com  1.      mailto:heiko.eber@schaeffler.com
   mailto:%20matthias.herms@schaeffler
   .com

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   Language:       English
   Company:        Schaeffler AG
                   Industriestr. 1-3
                   91074 Herzogenaurach
                   Germany
   Phone:          09132 - 82 0
   E-mail:         ir@schaeffler.com
   Internet:       www.schaeffler.com
   ISIN:           DE000SHA0159
   WKN:            SHA015
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1916547

End of News EQS News Service
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1916547 03.06.2024 CET/CEST