marine link image

ZF CEO Sommer Steps Down

December 7, 2017

From left: Former CEO Dr. Stefan Sommer with Dr. Konstantin Sauer (Photo: ZF)
From left: Former CEO Dr. Stefan Sommer with Dr. Konstantin Sauer (Photo: ZF)

ZF Friedrichshafen AG chief executive officer Dr. Stefan Sommer has left the company after five years at the head.

Finance Board Member and CEO Deputy Representative, Dr. Konstantin Sauer, will fill in as CEO on an interim basis.

The news follows the company's recent appointment of Dr.-Ing. Franz-Josef Paefgen as its new chairman.

Logistics News

Transneft Looks to Redirect Oil From Attacked Baltic Ports

Transneft Looks to Redirect Oil From Attacked Baltic Ports

Hapag-Lloyd Incurs Significant Weekly Costs Due to Ongoing Middle East Conflict

Hapag-Lloyd Incurs Significant Weekly Costs Due to Ongoing Middle East Conflict

Maraen Approves $40M Port of Nigg Upgrade After Rebrand

Maraen Approves $40M Port of Nigg Upgrade After Rebrand

Legal Action Taken Following Spiridon II Livestock Deaths

Legal Action Taken Following Spiridon II Livestock Deaths

Subscribe for Maritime Logistics Professional E‑News

As the Middle East conflict escalates, airlines cancel more flights
The CEO of the European Payments Initiative says Trump's fears have boosted its appeal
Cathay Pacific will increase fuel surcharges by 34% in response to the rising cost of jet fuel