ELECTROMOBILITY ZF - Emobility as stregthened core business
ZF's Supervisory Board establishes a new division out of the previous Car Powertrain Technology and E-Mobility Divisions in order to offer customers electrified driveline solutions under one roof. In the future, ZF will no longer develop components for internal combustion engine drives but will instead focus on long-range plug-in hybrids and purely electric vehicles.
ZF’s Supervisory Board has appointed Stephan von Schuckmann during its regular meeting as new member to the company’s Board of Management. Von Schuckmann, who currently heads the Car Powertrain Technology Division, will succeed Michael Hankel as of January 1, 2021. Von Schuckmann’s appointment to ZF’s Board of Management coincides with a significant change in the Group structure. At this time, a new division will be created from the two current Car Powertrain Technology and E-Mobility divisions. With this step, ZF will combine its competencies in order to better address the increasing electrification in passenger cars, improve customer proximity and further accelerate the transformation to plug-in hybrids and electric drives. In the future, ZF will no longer develop driveline components for pure combustion engine vehicles.
“With Stephan von Schuckmann as head of the new division and member of the Board of Management, we have gained a leader from our own ranks who knows the car driveline sector extremely well. He will strengthen ZF’s position in the field of e-mobility,” said Dr.-Ing. Franz-Josef Paefgen, Chairman of ZF’s Supervisory Board.
Acknowledgements to Michael Hankel
Dr. Paefgen thanked Michael Hankel, who will leave ZF’s Board of Management on December 31, 2020, for his long-standing commitment: “Michael Hankel has successfully contributed to the realignment of the entire Group. He has shown outstanding commitment to the digitalization of ZF production by introducing smart industry applications. The worldwide introduction of the ZF Production System is a credit to him. He has made a significant contribution to the fact that the company today has a globally efficient production network. On behalf of the company, we wish him all the best for the future.”
Michael Hankel joined the Board of Management of the former ZF Sachs AG in Schweinfurt in 2003, where he was responsible for the Chassis Division. In 2007, he became Chairman of the Board of Management of ZF Lenksysteme GmbH in Schwäbisch Gmünd, Germany. Since 2013, Michael Hankel has been a member of the ZF Board of Management where he is responsible for the Car Powertrain Technology and E-Mobility Divisions, Corporate Production, and key account management for passenger car customers in Europe and North America.