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Schaeffler AG (SCFLF)

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8.550.00 (0.00%)
At close: 10:09AM EST

Schaeffler AG

Industriestrasse 1-3
Herzogenaurach 91074
Germany
49 9132 82 0
https://www.schaeffler.com

Sector(s)Consumer Cyclical
IndustryAuto Parts
Full-time employees83,935

Key executives

NameTitlePayExercisedYear born
Mr. Klaus RosenfeldCEO, Member of Board of Managing Directors & Member of Exec. Board3.19MN/A1966
Dr. Stefan SpindlerCEO of Industrial, Member of Board of Managing Directors and Member of Exec. Board1.78MN/A1961
Mr. Andreas SchickCOO, Member of Board of Managing Directors & Member of Exec. Board1.61MN/A1970
Ms. Corinna SchittenhelmChief HR Officer, Member of Board of Managing Directors & Member of Exec. Board1.6MN/A1967
Mr. Uwe WagnerCTO, Member of the Board of Managing Directors & Member of Exec. Board1.6MN/A1964
Mr. Matthias ZinkCEO of Automotive Technologies, Member of Board of Managing Directors & Member of Exec. Board1.61MN/A1969
Jutta RostSr. VP of HR Functions & Employee Representative of Supervisory Board42.95kN/AN/A
Mr. Claus BauerCFO & Member of Exec. BoardN/AN/A1966
Dr. Yilin ZhangRegional CEO of Greater China, Member of the Board of Managing Directors & Member of Exec. BoardN/AN/A1963
Mr. Marc McGrathRegional CEO - Americas, Member of the Board of Managing Directors & Member of the Exec. BoardN/AN/A1966
Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Schaeffler AG, together with its subsidiaries, manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, bearing solutions, and synchronizing and gearshift components. This division also provides chassis systems comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems; and hybrid and electrical drive systems that include hybrid modules, electrical axle drives, and electrical wheel hub drives. Its Automotive Aftermarket division offers repair solutions for passenger cars, light commercial vehicles, heavy commercial vehicles, and tractors, as well as supporting services. The company's Industrial division provides components and systems. This division serves customers in the mobility, energy and raw materials, production machinery, aerospace, and industrial distribution. It has a strategic partnership with Fraunhofer-Gesellschaft. The company was formerly known as INA Beteiligungsgesellschaft mit beschränkter Haftung and changed its name to Schaeffler AG in October 2014. The company was founded in 1946 and is headquartered in Herzogenaurach, Germany. Schaeffler AG is a subsidiary of IHO Verwaltungs GmbH.

Corporate governance

Schaeffler AG’s ISS governance QualityScore as of 26 September 2021 is 3. The pillar scores are Audit: 3; Board: 4; Shareholder rights: 8; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.