The Supervisory Board of Schaeffler AG appointed Uwe Wagner Head of Research and Development Automotive OEM and Industry, to become member of the Board of Managing Directors of company for a period of three years, as of January 1st, 2020. Wagner will succeed Prof. Dr.-Ing. Peter Gutzmer who will retire as of December 31st, 2019. He will take over the responsibility as Chief Technology Officer. The Supervisory Board also decided to extend the contract of Matthias Zink CEO of the Automotive OEM division, by a further five years until December 31, 2024.