Dr Franz-Josef Paefgen has been appointed as the new Chairman of ZF Friedrichshafen AG by the Supervisory Board of the company at an extraordinary meeting on December 4, 2017. He will succeed Prof Dr Giorgio Behr. Paefgen has been a member of the Supervisory Board since 2008.
“ZF has successfully embarked on a long-term strategy to address the challenges of the automotive industry, showing excellent developments over the past few years. We want to continue on this course,” says Paefgen.
Paefgen has held various managerial positions in the automotive industry since 1976. He was the member of the Board of Audi AG from 1995 until 2002 and from 1997 he was chairman of the Board of Management. From March 2002, he was responsible for the Bentley brand, and as the chief representative of Volkswagen AG was also responsible for Volkswagen’s Corporate Research and Motorsports. Between 2003 and 2005, Paefgen was head of Bugatti Engineering. From 2007 up to his retirement in 2011, he was president of Bugatti Automobiles and Bugatti International.
“It is vital to settle down now and concentrate on our business and the future transformation of the automotive industry. I would like to make my contribution to this as chairman of the Supervisory Board,” said Paefgen.