Major changes in the ZF Board

Peter Lake and Jürgen Holeksa, Board Members for Corporate Market and Human Resources of ZF Friedrichshafen respectively, are leaving the Executive Board on September 30, 2018. Peter Lake joined the Executive Board as head of Sales and Market shortly after the acquisition of TRW by ZF in May 2015. The British-born, American citizen contributed significantly to the integration of the two companies and in particular, in redefining the role which the regional organization in the Asia Pacific performs in the management and operation of the new ZF, and also in re-designing and restructuring the global sales organisation.

“Peter Lake made a vital contribution to making the ZF-TRW integration a success. Moreover, for the more than 60,000 TRW employees, he was an important unifying figure. As a sales and general management professional, he oversaw the re-design and re-structure of our global Sales & Market and regional business operations”, said Josef Paefgen, chairman of the Supervisory Board.

Jürgen Holeksa leaves ZF Friedrichshafen at his own request. He was appointed to the Executive Board of ZF Friedrichshafen on July 1, 2011. In addition to his HR responsibilities and his function as Labor director, Jürgen Holeksa was responsible for the Asia Pacific region from 2013-2015.

During this time, the acquisition and integration of TRW Automotive Inc. took place where Jürgen Holeksa, in particular, played a significant role.

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