ZF Names Mathias Miedreich as New Chief Executive Officer

In a significant shift within ZF Friedrichshafen AG, the company has announced major leadership changes that could shape its future. The recent decisions made by the Supervisory Board reflect strategic adjustments aimed at steering the organization through evolving market demands and technology advancements. As ZF steps into this new chapter, the implications for its operational focus and strategic direction are profound.

End of an Era: Supervisory Board Thanks Holger Klein

During a specially convened meeting, the Supervisory Board of ZF Friedrichshafen AG officially concluded the contractual relationship with the outgoing CEO, Dr. Holger Klein, by mutual agreement. His departure will be effective on September 30, 2025. Rolf Breidenbach, Chairman of the Supervisory Board, expressed gratitude for Klein's dedication, particularly noting his contributions during a pivotal time for ZF.

Breidenbach remarked, “Dr. Klein's strategic vision has laid the groundwork for ZF's turnaround, achieving remarkable milestones with the entire team. As we move forward, it is crucial to build upon these achievements and continue with the path we have charted.”

Moreover, the board is optimistic about the future under the leadership of Mathias Miedreich, who has been with ZF since January 2025 and previously led the Electrified Powertrain Technology division. Breidenbach acknowledged Miedreich's industry expertise, decisiveness, and effective communication skills, which have already made a significant impact in his current role.

Recognition from Owner Representatives

Simon Blümcke, the Mayor of Friedrichshafen, conveyed appreciation on behalf of the owner representatives, highlighting Klein's leadership during challenging economic times. He stated, “Dr. Klein has not only stabilized ZF economically but has also laid a solid foundation for a promising future.”

Klein, who has been with ZF since 2014, reflected on his tenure, noting the progress made alongside the Executive Board and the entire workforce. “Together, we have successfully initiated a turnaround at ZF. Our strategic efforts are beginning to show results, with profitability and cash flow on the rise,” he explained, indicating that now is an appropriate moment for a leadership transition.

Strategic Changes: Prof. Dr. Peter Laier Leaving Board of Management

In another development, Prof. Dr. Peter Laier's departure from the Board of Management was mutually agreed upon, effective September 30, 2025. This decision arose from differing perspectives regarding the company's future strategic direction. Laier had been a board member since January 2023, overseeing the Commercial Vehicle Solutions and Industrial Technology divisions.

His contributions included enhancing and globalizing these divisions while strengthening customer relationships. Laier expressed his pride in the advancements made, stating, “We have successfully intensified our global customer relationships and modernized our divisions.” The Supervisory Board and shareholders recognized his efforts and thanked him for his dedication to ZF’s strategic realignment.

Looking Ahead: Next Steps for Board Succession

As ZF transitions to new leadership, the organization has indicated that it will soon announce successors for critical board positions, particularly in the Electrified Powertrain Technology division, as well as the Commercial Vehicle Solutions and Industrial Technology divisions. This transition is essential for maintaining the momentum of the company’s strategic vision.

The leadership changes at ZF are indicative of a broader trend within the automotive sector, where companies are increasingly focusing on electrification and sustainable technologies. Miedreich’s appointment reflects a commitment to these future-oriented strategies, aligning with the global shift towards electric and hybrid vehicles.

The Broader Context of Leadership Changes in the Automotive Industry

The automotive industry is undergoing rapid transformation, driven by technological innovations and changing consumer preferences. As leaders like Klein and Laier exit, new executives are stepping in with fresh perspectives. Here are some key trends influencing these leadership transitions:

• Electrification: The push towards electric vehicles is a top priority for many companies, requiring leaders who understand sustainable powertrains.
• Digitalization: Advancements in digital technology are reshaping the automotive landscape, necessitating leadership adept in tech integration.
• Globalization: Expanding into new markets remains a focus, requiring leaders with international experience and a global mindset.

These trends highlight the importance of having leaders who can navigate complex challenges and capitalize on emerging opportunities within the market.

Implications for ZF's Future

As ZF prepares for this new leadership structure, the implications are significant. The strategic direction under Miedreich’s guidance will likely emphasize:

1. Innovation in Powertrain Technologies: Enhancing electrified solutions to meet customer demands for sustainable mobility.
2. Operational Efficiency: Streamlining processes to improve profitability and shareholder value.
3. Customer-Centric Approaches: Strengthening relationships with clients, ensuring that their needs are at the forefront of new developments.

These focal points will be critical as ZF navigates a competitive landscape marked by rapid technological advancement and shifting consumer behaviors.

For those interested in further insights on leadership transitions in the automotive industry, this video analysis explores recent changes at Umicore, which may shed light on similar dynamics affecting ZF.

As ZF embarks on this new journey under Mathias Miedreich, the entire automotive sector will be watching closely to see how these leadership changes translate into strategic success amid a transformative era.

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