People articles

Daimler employees receive highest profit-sharing bonus in history

Daimler employees receive highest profit-sharing bonus in history

The year 2017 was the successful business year for Daimler. To mark this achievement, the company has given away highest profit-sharing bonus in its history. Board of Management and General Works Council decided to pay entitled tariff-scale employees a bonus up to 5,700 euros. The bonus applies to roughly 130,000 entitled tariff-scale employees in Germany,

ZF Appoints Wolf-Henning Scheider As New Chief Executive Officer

With effect from February 1, 2018, ZF will have a new Chief Executive Officer, Wolf-Henning Scheider, who succeeds Dr Konstantin Sauer as CEO and head of the ZF Group. The 55 year old business administration graduate has many years of management experience in technology companies such as Bosch and Mahle. “As Mahle’s CEO, Wolf-Henning Scheider

Industry Veteran to shoulder expansion plans of Kia Motors India

South Korean manufacturer Kia Motors has big plans for the Indian market. The company has entrusted veteran Kookhyun Shim with the position of Managing Director and Chief Executive Officer of Kia Motors India. He will manage the $1.1-billion investment plan for a greenfield manufacturing unit in Andhra Pradesh. He has been serving as the Head

Dagmar Steinert Joins ZF Friedrichshafen Board

Dagmar Steinert will join the Supervisory Board of ZF Friedrichshafen representing shareholders. In 2016, she joined the Board of Management of Fuchs Petrolub SE, the lubricant specialist headquartered in Mannheim as Chief Financial Officer. “Dagmar Steinert is a proven expert for Finance and Investor Relations. Furthermore, she has a profound knowledge of the automotive industry

ZF CEO Dr Stefan Sommer steps down

ZF Friedrichshafen Chief Executive Officer Dr Stefan Sommer has left the company with immediate effect. In a statement, the company has said that Sommer’s Deputy and Finance Board Member Dr Konstantin Sauer will lead the company until a successor is appointed. “We would like to thank Dr Sommer for his long-standing, successful employment in the

Franz-Josef Paefgen is the new Chairman of ZF Friedrichshafen

Dr Franz-Josef Paefgen has been appointed as the new Chairman of ZF Friedrichshafen AG by the Supervisory Board of the company at an extraordinary meeting on December 4, 2017. He will succeed Prof Dr Giorgio Behr. Paefgen has been a member of the Supervisory Board since 2008. “ZF has successfully embarked on a long-term strategy

Leadership change in Volkswagen India

Volkswagen has appointed two new persons at its Passenger Car division in India. Ashish Gupta, who heads after sales, will now be responsible for Sales operations. Meanwhile, P Ravichandran, responsible for field operations, will be the Head of After Sales. They will be reporting to Steffen Knapp, Director, Volkswagen Passenger Cars India. Both these appointments