German Manager Magazin: ZF Friedrichshafen: CEO Holger Klein leaves the car supplier004409

When Chancellor Friedrich Merz (69) also stopped by the IAA in Munich on Tuesday at the ZF Friedrichshafen stand, Holger Klein (55) used the five minutes again for an appeal. If there is no change in the general conditions in Germany and Europe, “it costs immediately,” said Klein.

Shortly afterwards, Klein is going on his own job. The CEO of ZF Friedrichshafen resigns. It is the preliminary climax of the crisis at the car supplier from Lake Constance, which has increased more and more in the past three years.

In addition to Klein, commercial vehicle boss Peter Laier (57) ZF. Laier was repeatedly acted as a candidate for Klein’s successor internally, should this go. He could have imagined this very well, report several mighty insiders and sawed quite openly on Klein’s chair. The relationship between the two was therefore considered tense. Now both go, probably as a facial solution.

Mathias Miedreich (50) takes over as the new CEO. He only switched to ZF as the new board of the drive unit in January. A successor for Laier is not yet known.

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