Schaeffler AG announced that Dr. Klaus Patzak Chief Financial Officer of the company, has informed the Supervisory Board of the company of his wish to leave the company effective July 31, 2021. The Supervisory Board has agreed to his departure, which is by mutual agreement, at its extraordinary meeting held on July 30, 2021. A successor will be announced shortly. Dr. Patzak was appointed CFO, which includes responsibility for Finance & IT, as a member of the Board of Managing Directors of Schaeffler AG on August 1, 2020. His previous appointments included positions as managing director of Siemens Gas and Power Management GmbH and chief financial officer of Osram Licht AG and Bilfinger SE.