At March 5, 2018 meeting, the Supervisory Board of Schaeffler AG appointed Andreas Schick to become Member of the Board of Managing Directors of the company as of April 1, 2018. He will take over the role as Chief Operating Officer of Schaeffler AG from Oliver Jung who has decided not to extend his contract and will leave the company as of March 31, 2018. Andreas Schick becomes Member of the Board of Managing Directors responsible for Production, Logistics and Purchasing. Oliver Jung leaves the company as of March 31, 2018.