PRESSE-INFORMATION PRESS RELEASE
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Dr. Heinrich Hiesinger to join ZF Supervisory Board
• Shareholders appoint Heinrich Hiesinger as successor to Ernst Baumann • Change will be effective January 1, 2021
Friedrichshafen, Germany. ZF Friedrichshafen AG’s shareholders appointed Dr. Heinrich Hiesinger, 60, to the company’s Supervisory Board as shareholder representative. As of January 1, 2021, Hiesinger will succeed Ernst Baumann, 72, who is leaving the Supervisory Board at his own request after eight years.
Dr. Heinrich Hiesinger is a renowned industry expert and has many years of experience as CEO and board member of major companies. The representatives of the two ZF shareholders are pleased that Hiesinger will join ZF’s Supervisory Board. With 93.8 percent, the Zeppelin Foundation is the main shareholder of ZF Friedrichshafen AG and is represented on the Supervisory Board by Andreas Brand, Lord Mayor of the City of Friedrichshafen and Chairman of the Zeppelin Foundation. The remaining 6.2 percent of the shares are held by the Ulderup Foundation, which is represented by Dr. Jochen Meinecke.
Hiesinger, who holds a doctor’s degree in Electrical Engineering from the Munich Technical University, started his career in 1992 at Siemens where he held various positions at home and overseas until 2010. In that year, he joined Germany-based Thyssen-Krupp AG in Essen as Vice Chairman of the Executive Board. From 2011 to 2018, he led the company as CEO. During this time, Hiesinger also served as Vice President of the Federation of German Industries (BDI). In addition to his role at ZF, Hiesinger is a member of the Supervisory Boards of BMW AG, Deutsche Post AG and Fresenius Management SE.
Caption: Dr. Heinrich Hiesinger will join the ZF Supervisory Board on January 1, 2021.
ZF Friedrichshafen AG Global Corporate & Marketing Communications 88038 Friedrichshafen Deutschland · Germany press.zf.com
PRESSE-INFORMATION PRESS RELEASE
Page 2/2, December 1, 2020
Image: ZF
Press contact: Andreas Veil, head of Business and Finance Communications, Phone: +49 7541 77-7925, e-mail: [email protected]
Dr. Jochen Mayer, Business and Finance Communications, Phone: +49 7541 77-7028, e-mail: [email protected]
ZF Friedrichshafen AG ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. ZF allows vehicles to see, think and act. In the four technology domains Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility, ZF offers comprehensive solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF electrifies different kinds of vehicles. With its products, the company contributes to reducing emissions and protecting the climate.
ZF, which acquired WABCO Holdings Inc. on May 29, 2020, now has 160,000 employees worldwide with approximately 260 locations in 41 countries. In 2019, the two then-independent companies achieved sales of €36.5 billion (ZF) and $3.4 billion (WABCO).
For further press information and photos please visit: www.zf.com
ZF Friedrichshafen AG Global Corporate & Marketing Communications 88038 Friedrichshafen Deutschland · Germany press.zf.com