Mobility Solutions

Michael Hankel to leave ZF Lenksysteme. His successor will be Dr. Peter Ottenbruch.

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  • December 18, 2012
  • Mobility Solutions
  • Press releases

press release

After more than five years of successful leadership Michael Hankel (55), Chief Executive Officer of ZF Lenksysteme GmbH (ZFLS), has decided to move on to new responsibilities at ZF Friedrichshafen AG.

Schwäbisch Gmünd. Michael Hankel was appointed CEO of ZFLS in December 2007. Under his leadership ZFLS increased its sales from 2.6 billion euros in 2007 to approximately 4 billion euros in 2012 and substantially improved its market position throughout the world. Michael Hankel has now been appointed to the Board of Management at ZF Friedrichshafen AG. Here he will head the newly created Passenger Car executive area, comprising the Powertrain Technology and Chassis Technology divisions and the Production Technology department. In addition, Mr. Hankel will head the Electronic Systems business unit.

Michael Hankel will be succeeded by Dr. Peter Ottenbruch, 55, who is currently in charge of Corporate Operations and Technology on the Board of Management at ZF Friedrichshafen AG. Born in 1957 in Vorst (Krefeld administrative district), Ottenbruch has a doctorate in mechanical engineering. He was Board Chairman of ZF Sachs AG in Schweinfurt from 2007 until his appointment to the Board of Management of ZF Friedrichshafen AG in 2011. Prior to that he headed various departments at Mannesmann Sachs AG, including Car Clutch Systems and Torque Converters. He was in charge of the Powertrain division as a Board member of ZF Sachs AG from 2002 onwards.

ZF Lenksysteme GmbH, a 50:50 joint venture of Robert Bosch GmbH and ZF Friedrichshafen AG, is a specialist and technological leader in the field of steering equipment and has a workforce of more than 13.000 at 18 locations in eight countries. In 2013, the Group generated revenues of 4.1 billion euros.

PI7988 - December 18, 2012

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