DGAP-News

Schaeffler AG: Schaeffler AGM adopts dividend of 25 eurocents per common non-voting share - Seite 4

Rigorous implementation of Roadmap 2025 - "We pioneer motion"
At the end of last year, the Schaeffler Group unveiled its Roadmap 2025, comprising an updated corporate strategy, an execution program and mid-term targets for 2025. The Roadmap 2025 stands for continuity and building on existing strengths, but also optimization and further development focused on new technologies and business models, along with costs and efficiency.

In addition, the new corporate claim, "We pioneer motion," expresses Schaeffler's commitment to continuing to shape motion and progress by being a diversified automotive and industrial supplier with global reach. This will involve even more effective use of the synergies available within the Schaeffler Group. "The Roadmap 2025 refines our strategy and aligns it with current challenges and opportunities," Klaus Rosenfeld said. "We will implement the Roadmap 2025 resolutely and with all due rigor so that we can build an even stronger Schaeffler Group."

Special election for the Supervisory Board
Effective at the end of today's Annual General Meeting, Sabrina Soussan stepped down as a member of the Supervisory Board in order to focus on her new role. In the resulting special election, the Annual General Meeting selected Ulrike Hasbargen as a new member of the Supervisory Board. Ms. Hasbargen is a tax advisor and certified public accountant and is also a member of the supervisory board of Ernst & Young GmbH. She has been elected for a term ending at the 2023 Annual General Meeting, which corresponds to the term of the other shareholder representatives on the Supervisory Board.

"We very much regret that Ms. Soussan has had to give up her seat on the Supervisory Board for work-related reasons and extend our sincere thanks for her dedicated commitment to the Schaeffler Group. She made a substantial contribution during the past two years. We wish her every success both personally and in her future career and all the best", said Family Shareholder and Chairman of the Supervisory Board Georg F. W. Schaeffler. "We are however delighted to welcome a renowned expert, Ms. Hasbargen, to the Supervisory Board of Schaeffler AG. Her many years of experience in the tax sector will strengthen the Board."