ZF Friedrichshafen picks Mahle CEO as new chief

Scheider is currently the CEO of auto parts supplier Mahle.
Scheider is currently the CEO of auto parts supplier Mahle.

Automotive supplier ZF Friedrichshafen has picked Wolf-Henning Scheider as its new chief executive, online publication manager-magazin.de reported on Thursday, citing no sources.

Scheider will replace Stefan Sommer, who stepped down with immediate effect last month, the online outlet of monthly said.

Scheider is currently the CEO of auto parts supplier Mahle.

However, ZF declined to comment on the report.

Also Read: What auto component makers expect from Union Budget 2018

ZF management and the city of Friedrichshafen have been at loggerheads over a proposed acquisition in the United States, following the 2015 takeover of automated driving specialist TRW for a reported $12 billion that was steered by Sommer.

The city owns a controlling stake of the company through a foundation, and its mayor sits on the supervisory board.