Schaeffler’s supervisory board has agreed the appointment of Jens Schüler as the new CEO of the Automotive Aftermarket division with effect from 1 January, 2022.
He will succeed Michael Söding, who is retiring at the end of the year at his own request after working for Schaeffler for 20 years.
The Automotive Aftermarket division posted revenues of EUR1.64bn (US$2bn) in 2020. The division employs around 1,700 staff.
Schüler joined Schaeffler directly after completing his studies in economics in 2003. He started his career as assistant to the president and CEO of Schaeffler Automotive Aftermarket. In the following years, his focus in the aftermarket business included strategic planning, before that he assumed leadership positions in the Americas region, initially as president Automotive Aftermarket North America in 2011 and then as president Automotive Aftermarket – Schaeffler Americas from 2014.
Since 2018, Schüler has been in charge of Global Sales and Marketing in the Automotive Aftermarket division.
“Michael Söding is an acknowledged and very well-connected industry expert, who has played a formative role in shaping the Automotive Aftermarket division during his 20 years of work at Schaeffler and has developed the division into an important pillar for the Schaeffler Group,” said Schaeffler chairman, Georg Schaeffler.
“He deserves special thanks for this achievement. As much as we regret his decision to begin his well-earned retirement, we wish him all the best for the future. I am therefore very pleased we are able to appoint Mr. Schüler as a very well-qualified successor from our own ranks and have been able to decide on a successor to lead the Automotive Aftermarket division at an early stage.”