Schaeffler says Dietmar Heinrich, who has been Chief Financial Officer since August 2017, has decided for personal reasons not to extend his current contract, which runs until July 31, 2020.
“We very much regret Mr. Heinrich’s decision,” said chairman of the supervisory board and family shareholder, Georg Schaeffler.
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“During almost 25 years at Schaeffler, he has made valuable contributions in various positions for the company. We wish him all the very best both personally and professionally for the future.”
For his part, Schaeffler CEO, added: “In his function as Chief Financial Officer, Dietmar Heinrich has strengthened the Finance department, improved the communication with the capital markets and helped to implement the Schaeffler Group’s efficiency programmes.
“My colleagues on the executive board and I respect and regret his decision.”
A successor will be announced in due course.
The news follows Schaeffler CTO and deputy CEO, Peter Gutzmer’s announcement he has retired after 18 years of service with the supplier.
