ZF CHIEF EXECUTIVE OFFICER DR. STEFAN SOMMER LEAVES THE COMPANY

Dr Stefan Sommers

 

Dec 19, 2017

• Separation agreed by consensus
• Sommer’s Deputy Dr. Konstantin Sauer will lead the company until a successor is appointed

The Chairman of the Supervisory Board of ZF Friedrichshafen AG, Dr. Franz-Josef Paefgen, and CEO Dr. Stefan Sommerhave agreed to end their cooperation. Dr. Sommer will step down from office with immediate effect. Until a successor is appointed, Finance Board Member and CEO Deputy Representative, Dr. Konstantin Sauer (58), will assume the role of CEO on an interim basis.

„We would like to thank Dr. Sommer for his long-standing, successful employment in the company. In his five years of service as the head of ZF, Dr. Stefan Sommer has developed the company with tireless commitment and great vision,” recognized Chairman of the ZF supervisory board Dr. Franz-Josef Paefgen, referring to Sommer’s work.

„The supervisory board will shortly name a successor, and until then, CEO Deputy Dr. Konstantin Sauer will assume the position at the head of the company on an interim basis. As member of the Board of Management of ZF responsible for Finance, IT and M&A activities, he will guarantee the stability of the company and has our complete trust.”

 

Related Posts





The 2024 Marine Electronics Conference & Expo was a great event!

NMEA

The 2024 Marine Electronics Conference & Expo, held by the National Marine Electronics Association, (NMEA) took place September 16 to the 20th in Providence, Rhode Island. Boating Industry Canada was there for the first time and we were very impressed with what we found.

The association is very well supported and virtually any significant marine electronics company that you could name, was represented there on the Exhibitor list at the Expo as well as all being NMEA members and very supportive of the organization.

Read More




Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.



Harris Boats Launches its First All-Electric Pontoon, the Cruiser e-210 Powered by Mercury® Avator™

Harris Boats has announced the launch of the Cruiser e-210, the brand’s first all-electric pontoon. Powered by a Mercury® Avator™ 35e Outboard, the Cruiser e-210 provides the same level comfort, amenities and style the Cruiser model is known for, in addition to a more sustainable, gas-free option to explore the waterways.

Read More


Mercury Racing unveils new 150R/200R V6 outboards during the 2024 Cannes Yachting Festival

Hubbell-Marine Stainless steel outlet covers

Mercury Marine, a division of Brunswick Corporation and Mercury Racing launched two new Racing outboards on the opening day of the Cannes Yachting Festival. In addition, this week Mercury also announced new color options for the 150hp FourStroke, and introduced a new mid-range Jet outboard engine.

Read More