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Company Overview of ZF Friedrichshafen AG
Company Overview
Graf-von-Soden-Platz 1
Friedrichshafen, 88046
Germany
Founded in 1915
74,775 Employees
Key Executives for ZF Friedrichshafen AG
ZF Friedrichshafen AG Key Developments
After more than five years of leadership Michael Hankel, Chief Executive Officer of ZF Lenksysteme GmbH (ZFLS), has decided to move on to new responsibilities at ZF Friedrichshafen AG. Michael Hankel has now been appointed to the Board of Management at ZF Friedrichshafen AG. Here he will head the newly created Passenger Car executive area, comprising the Powertrain Technology and Chassis Technology divisions and the Production Technology department. In addition, Mr. Hankel will head the Electronic Systems business unit. Michael Hankel will be succeeded by Dr. Peter Ottenbruch who is currently in charge of Corporate Operations and Technology on the Board of Management at ZF Friedrichshafen AG.
General Motors Company is in advanced negotiations with Punch International NV and ZF Friedrichshafen AG regarding sale of French transmission operation in Strasbourg. The sale involves a production site and a research centre. GM spokesman said, "In a best-case scenario, the sale will be completed by the end of the year 2012." Dow Jones said that a ZF spokesman said that it is in talks with Punch on the deal and representatives of Punch could not be reached immediately for comments on the matter.
ZF Friedrichshafen AG and Knorr-Bremse Aktiengesellschaft have denied the rumors of merger and said that they are not in talks over an acquisition or a merger. ZF Friedrichshafen and Knorr-Bremse have said that the report by Manager Magazin is purely speculative.
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To contact ZF Friedrichshafen AG, please visit www.zf.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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