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

Good Advice that You Can Share – Falling Overboard Recovery Steps

By John Gullick
 
An accident that occurs with surprising frequency to passengers and crew is falling. The chance of this happening can be greatly reduced if precautions are taken, such as wearing non-skid shoes that lace up and wearing appropriate clothing that does not impede movement. Those on board should make sure they have a sound footing and a good handhold at all times. Here is an old saying to remember: “Sailors were given two hands, one for the ship and one for themselves.” 

Read More

Changing Scene

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.

Just Launched

Lund Boats Introduces New 2027 HG Pro Series, Combining Hardtop Protection with Big-Water Capability 

All-new 220 HG Pro and 240 HG Pro models deliver rugged heavy-gauge construction, enclosed hardtop comfort and serious fishing functionality for demanding open-water anglers. 

Lund Boats has unveiled the all-new Model Year 2027 HG Pro Series, a purpose-built heavy-gauge aluminum platform designed for anglers who pursue big-water fisheries in changing conditions. 

Read More

JBL Debuts the Flip 7 Magnet for Secure Portable Sound on the Water and Beyond

JBL has announced the Flip 7 Magnet, a flexible mounting solution that brings portable JBL Pro Sound to boats, golf carts, RVs, powersports, vehicles and more. The purpose-built magnetic accessory securely holds the best-selling JBL Flip 7 on compatible metal surfaces, while an included receiver plate extends placement to nonmagnetic surfaces. 

Read More

People