The new mayor takes over ZF supervisory board mandate in Friedrichshafen

The new mayor takes over ZF supervisory board mandate in Friedrichshafen

In a significant news for Friedrichshafen, the new Mayor Simon Blümcke was elected to the supervisory board of ZF Friedrichshafen AG. ZF, as one of the largest automotive suppliers worldwide, chose Blümcke as the successor to Andreas Brand as part of an extraordinary general meeting. The Mayor's Office had a fire until October 31 and resigned its supervisory board mandate due to the change. Blümcke will now take over the supervisory board mandate as chairman of the foundation council until March 2028, such as reported.

Simon Blümcke has already made it clear that he rejected a company's IPO. He emphasizes the value of the Touristry structure of ZF, which enables management to make long -term decisions in the best interest of the company without succumbing to the pressure of short -term investors. The Zeppelin Foundation, which holds 93.8 percent of the shares in ZF, and the Ulderup Foundation, which holds the remaining 6.2 percent, are key factors in this stability. The city of Friedrichshafen manages these foundations in trust. This information was made available by the Stuttgarter Zeitung

The change in corporate management comes at a critical time when ZF plans to reduce the number of jobs in Germany by 2028 by up to 14,000 and thus to react to the increasing challenges in the global automotive industry. Simon Blümcke is optimistic and emphasized that he wants to develop ZF with his team and at the same time continue the proven tradition of the company.