During an extraordinary meeting, the Supervisory Board of Schaeffler AG has agreed the appointment of Jens Schüler as the new CEO of the Automotive Aftermarket division with effect from January 1, 2022. He is successor to Michael Söding who is retiring at the end of the year at his own request after working for Schaeffler for 20 years. With the appointment of Jens Schüler, a successor will assume the role of CEO Automotive Aftermarket who has many years of experience in the fields of strategy, sales and marketing, and digitalization and who brings many years of international experience. Jens Schüler joined Schaeffler directly after completing his studies in economics in 2003. He began his career as assistant to the President and CEO of Schaeffler Automotive Aftermarket. In the following years, his focus in the aftermarket business included strategic planning, before he assumed leadership positions in the Americas region, initially as President Automotive Aftermarket North America in 2011 and then as President Automotive Aftermarket - Schaeffler Americas from 2014. Since 2018, Mr. Schüler has been in charge of Global Sales and Marketing in the Automotive Aftermarket division.