Schaeffler chief technology officer retires 04 October 2019

The Supervisory Board of Schaeffler AG has bid farewell to chief technology officer and deputy CEO Prof Peter Gutzmer (65), who is retiring after 18 years of service with the company.

Gutzmer (pictured) joined Schaeffler in 2001, where he was appointed to the Management Board with responsibility for technical product development. From 2002 to 2006 he also served as chairman of the Management Board of LuK, a Schaeffler company based in Bühl that has since been renamed.

Following that, from 2006 to 2009, he served as Deputy CEO of Schaeffler’s Automotive division and, from 2009 to 2011 he again took on additional responsibilities as Head of the Engine Systems business unit in the Powertrain division of Continental AG. In 2011, when Schaeffler changed its legal name to Schaeffler AG, he was appointed chief research & development officer. In June 2014, Gutzmer was appointed CTO and deputy CEO of Schaeffler AG.

Klaus Rosenfeld, CEO of Schaeffler AG, says: “During his tenure, Professor Gutzmer has constantly expanded and developed Schaeffler’s technology portfolio, ushering in new mobility concepts, laying the groundwork for the establishment of our electric mobility business and initiating new partnerships. Under his leadership, we successfully future-proofed our company-wide IT organisation and established a digitalisation department. Exercising great foresight and vision, he made a decisive contribution to the Schaeffler Group’s successful alignment with the challenges of the future.”

The Supervisory Board of Schaeffler AG has now appointed Uwe Wagner (54), currently head of Research & Development, Automotive OEM and Industrial, as Gutzmer’s successor on the Board of Managing Directors for a term of three years. He will serve on the Board as CTO. Meanwhile, Gutzmer will, for a certain time, continue to support the company in an advisory capacity.

Adam Offord

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