Schaeffler AG (SCFLF)

6.85 0.00 (0.00%) As of 09:30AM EDT. Market open.

Schaeffler AG

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

Sector(s): Consumer Cyclical
Industry: Auto Parts
Full-time employees: 83,362

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Klaus Rosenfeld	CEO, Member of Board of Managing Directors & Member of Executive Board	3.28M	N/A	1966
Mr. Claus Bauer	CFO, Member of Board of Managing Directors & Member of Executive Board	1.65M	N/A	1967
Dr. Stefan Spindler	CEO of Industrial, Member of Board of Managing Directors and Member of Executive Board	1.54M	N/A	1961
Mr. Andreas Schick	COO, Member of Board of Managing Directors & Member of Executive Board	1.65M	N/A	1970
Mr. Uwe Wagner	CTO, Member of the Board of Managing Directors & Member of Executive Board	1.65M	N/A	1964
Mr. Matthias Zink	CEO of Automotive Technologies, Member of Board of Managing Directors & Member of Executive Board	1.71M	N/A	1969
Mr. Jens Schuler	CEO of Automotive Aftermarket Division, Member of Managing Directors Board & Executive Board Member	1.71M	N/A	1976
Dr. Yilin Zhang	Regional CEO of Greater China & Member of Executive Board	N/A	N/A	1963
Mr. Marc McGrath	Regional CEO of Americas & Member of the Executive Board	N/A	N/A	1966
Mr. Dharmesh Arora	Regional CEO of Asia/Pacific & Member of Executive Board	N/A	N/A	1967

Amounts are as of 31 December 2023, 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, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives. This division provides rolling bearing application and products, such as wheel, ball, and needle roller bearings; and mechanical components and mechatronic systems for steering and other chassis applications, including Space Drive, a steer-by-wire system. The Automotive Aftermarket division offers components and repair solutions for light commercial vehicles, trucks and buses, and offroad sectors under the LuK, INA, and FAG brand names, as well as service for repair shops under the REPXPERT brand. The Industrial division develops and manufactures rotary and linear bearing solutions, drive technology components and systems, and service solutions, such as sensor-based condition monitoring systems. This division serves customers in the wind, raw materials, aerospace, rail, offroad, two wheelers, power transmission, and industrial automation sectors. 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 1 April 2024 is 4. The pillar scores are Audit: 3; Board: 5; Shareholder rights: 10; Compensation: 1.

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.