Overview

• CEO Holger Klein will leave the executive board on September 30 by mutual agreement following an extraordinary supervisory board meeting.
• Division E head Mathias Miedreich has been appointed chief executive, with the board highlighting his progress on the drivetrain unit’s restructuring.
• Executive board member Peter Laier will also depart on September 30 due to differing views on the company’s strategic direction.
• Talks with employee representatives on the E‑Division’s future are scheduled to conclude by month‑end, and reports have suggested a possible sale or partner without company confirmation.
• ZF reported a €195 million loss in the first half and roughly €10.5 billion in net liabilities, with management indicating earlier savings targets are not sufficient.