Leadership Shifts Signal Strategic Pivot for Schaeffler AG

Renata Casaro / Heiko Eber

(IN BRIEF) Schaeffler AG announces leadership changes, with Heiko Eber appointed Head of Investor Relations (IR) and Renata Casaro tasked with leading the newly established Global Risk & Macroeconomic Analysis unit, effective June 1, 2024. Eber, previously managing IR at Vitesco Technologies, brings extensive industry experience, having steered its IR since 2021 and guided its spin-off from Continental AG since 2019. Casaro, who has led Schaeffler’s IR since 2017, transitions into her new role with a background in financial communications across various sectors. The changes come ahead of the anticipated merger with Vitesco Technologies, slated for the fourth quarter of the year, signaling a strategic shift for Schaeffler.

(PRESS RELEASE) HERZOGENAURACH, 3-Jun-2024 — /EuropaWire/ — Schaeffler AG (ETR: SHA), a German manufacturer of rolling element bearings for automotive, aerospace and industrial uses, gearing up for its impending merger with Vitesco Technologies Group AG, has unveiled significant leadership adjustments effective June 1, 2024. Heiko Eber, formerly spearheading Investor Relations (IR) at Vitesco Technologies, assumes the mantle of Head of Investor Relations at Schaeffler, while Renata Casaro, Schaeffler’s incumbent IR leader, transitions to helm the newly established Global Risk & Macroeconomic Analysis unit. Both organizations express confidence in the anticipated merger slated for the fourth quarter of the year.

Eber, boasting a tenure marked by steering Vitesco’s IR since 2021 and orchestrating its spin-off from Continental AG since 2019, brings a wealth of experience from Continental and Siemens AG. He will report to Schaeffler’s Group CFO Claus Bauer. Meanwhile, Casaro, instrumental in fortifying Schaeffler’s financial communications since her 2017 appointment, will continue reporting directly to Group CEO Klaus Rosenfeld, leveraging her background at Henkel AG & Co KGaA, Bulgari SpA, and various financial institutions.

Claus Bauer, Schaeffler’s CFO, commended Eber’s industry expertise and contributions during the integration phase, foreseeing his pivotal role in steering Schaeffler’s transformation into a leading Motion Technology Company. Rosenfeld echoed appreciation for Casaro’s steadfast commitment to financial communications, underlining her instrumental role in Schaeffler’s strategic evolution. He welcomed Eber’s arrival, citing his industry acumen, while expressing confidence in Casaro’s continued support amid evolving macroeconomic landscapes, ensuring Schaeffler’s resilience.

Klaus Rosenfeld, CEO of Schaeffler AG, added: “I would like to thank Renata Casaro for relentlessly shaping financial communications at Schaeffler in a dependable, transparent, and consistent way. She accompanied the first transformation phase of Schaeffler Group and contributed to its strategic direction. At the same time, I look forward to working with Heiko Eber who brings in a wealth of experience within our industries. I am delighted that Renata Casaro will continue to support us on our journey based on her previous experiences in Banking and in Corporates to contribute to Schaeffler´s resilience in this increasingly complex macroeconomic and geopolitical environment. I wish each of them success in their new roles.”

Schaeffler Group – We pioneer motion The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle. The Motion Technology Company manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of EUR 16.3 billion in 2023. With around 83,400 employees, Schaeffler is one of the world’s largest family-owned companies and one of Germany’s most innovative companies.

Media contacts:

Dr. Axel Lüdeke
Head of Group Communications & Public Affairs
Schaeffler AG
Herzogenaurach
Germany
Tel. +49 9132 82 8901
E-Mail: axel.luedeke@schaeffler.com

Matthias Herms
Head of Communications Finance and Sustainability
Schaeffler AG
Herzogenaurach
Germany
Tel. +49 9132 82 37314
E-Mail: matthias.herms@schaeffler.com

Renata Casaro
Head of Global Risk and Macroeconomic Analysis
Schaeffler AG, Berlin
Germany
Tel. +49 30 206 4152 25
E-Mail: renata.casaro@schaeffler.com

Heiko Eber
Head of Investor Relations
Schaeffler AG
Herzogenaurach
Germany
Tel. +49 9132 82 88125
E-Mail: heiko.eber@schaeffler.com

SOURCE: Schaeffler AG