Schaeffler AG: Viktor Molnar appointed President Chassis Systems business division of the Schaeffler Group
May 12, 2021 at 02:11 am EDT
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Schaeffler AG: Viktor Molnar appointed President Chassis Systems business division of the Schaeffler Group
12.05.2021 / 08:10
The issuer is solely responsible for the content of this announcement.
Viktor Molnar appointed President Chassis Systems business division of the Schaeffler Group
- Schaeffler strengthens Chassis Systems business division for a sustainable and successful future
- Viktor Molnar will drive the expansion of chassis mechatronics
- Two prominent volume-production nominations acquired for intelligent mechatronic rear axle steering system
Herzogenaurach | May 12, 2021 | Viktor Molnar (45) will assume the management of the Chassis Systems business division at Schaeffler on June 1, 2021. In this role, the native Hungarian will report to Matthias Zink, CEO of the Automotive Technologies division of Schaeffler AG, who has been managing the business division on a provisional basis for the interim period. In keeping with the claim "We pioneer motion", the automotive and industrial supplier is continuing its transformation and, in addition to the electrification of the powertrain, is also ramping up activities in the field of chassis systems. The advancing automation of driving functions is placing greater demands on new chassis solutions. Working from a high level of production expertise, Schaeffler offers a wide range of products for innovative chassis applications ranging from components to mechatronic systems. Two prominent volume-production nominations in the area of the intelligent mechatronic rear axle steering system (iRWS) are testament to the decisive role played by Schaeffler in shaping the transformation to innovative chassis applications.
Viktor Molnar was previously employed at Robert Bosch GmbH, where he held various managerial positions in Hungary, China, and Germany. During his employment, which spanned over 20 years, he was most recently responsible for the Body Electronics business unit. In this role, he oversaw the global development and marketing of complex, software-intensive control units such as body computers and gateways. Additional areas of responsibility also included the high-performance computer in the drive and body domains (Vehicle Computer for Body and Motion). Viktor Molnar studied mechanical engineering at the Budapest University of Technology and Economics.
"We are delighted that, in Viktor Molnar, we have successfully acquired a proven expert in the fields of electronics and mechatronics," says Matthias Zink. "With his outstanding specialist knowledge and many years of experience, he is optimally qualified to lead the Chassis Systems business division successfully into the future. Schaeffler sees potential for growth in this area which is equally as great as for electric mobility."
Schaeffler Group - We pioneer motion
As a leading global automotive and industrial supplier, the Schaeffler Group has been driving groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products, and services in the fields of CO?-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company produces precision components and systems for drive trains and chassis applications as well as rolling and plain bearing solutions for a multitude of industrial applications. The corporate group generated revenue of around 12.6 billion euros in 2020. With approximately 83,300 employees, the Schaeffler Group is one of the world's largest family-owned companies. According to the German Patent and Trademark Office (DPMA), Schaeffler was ranked as the second most innovative company in Germany in 2020, submitting more than 1,900 patent applications.
Contact details
Dr. Axel Lüdeke
Communications & Public Affairs
Schaeffler AG, Herzogenaurach
Johann Eisenmann
Investor Relations
Schaeffler AG, Herzogenaurach
phone: +49 9132 82 4440
email: ir@schaeffler.com
12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
Schaeffler AG
Industriestr. 1-3
91074 Herzogenaurach
Germany
Phone:
09132 - 82 0
E-mail:
ir@schaeffler.com
Internet:
www.schaeffler.com
ISIN:
DE000SHA0159
WKN:
SHA015
Indices:
SDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Schaeffler AG is a Germany-based company primarily engaged in the manufacture of automotive parts. Its activities are divided into two business segments: Automotive and Industrial. The Automotive segment comprises four subdivisions: Engine Systems, such as rolling bearing solutions, products for belt and chain drives, as well as valve train components; Transmission Systems, torsion and vibration dampers, clutches and double clutch systems, torque converters, bearing solutions and gearshift components; Chassis Systems, such as wheel bearings, steering components and power-assisted steering systems; and Automotive Aftermarket, offering repair service, among others. The Industrial segment is managed based on regions: Europe, Americas, Greater China and Asia/Pacific. The Company is also active in the field of digitalization of production.
SCHAEFFLER AG 
