Automotive Supplier ZF Friedrichshafen AG Names Dr. Siegfried Goll CEO

Apr 25, 2001, 01:00 ET from ZF Friedrichshafen AG

    FRIEDRICHSHAFEN, Germany, April 25 /PRNewswire/ -- ZF Friedrichshafen AG
 (ZF) appointed Dr. Siegfried Goll its new Chief Executive Officer at a meeting
 of the Supervisory Board held April 24.  Effective July 1, 2001 he will
 succeed Dr. Klaus Bleyer, who announced his retirement on April 19.
     Dr. Goll currently holds the position of Vice Chairman of the Board of
 Management and Executive Vice President, Technology.
     During 12 years under Dr. Bleyer, ZF became one of the world's leading
 auto suppliers.  In the same period sales figures were doubled: they rose from
 euro 3.2 billion to about euro 6.5 billion, with the workforce largely
 remaining at the same level.  Technological leadership and global market
 presence and cost management were the essential elements Bleyer employed in
 shaping and strengthening the company global competition.
     Dr. Goll, born in Bregenz, Austria, started his career at ZF in 1963 as a
 test engineer.  In 1989 he joined the management of ZF Getriebe GmbH in
 Saarbrucken, Germany responsible for product development.  In 1993 he was
 appointed Group Executive of the Car Transmissions Division.
     January 1997 he was appointed to the Board of Management and he took
 charge of research and development in addition to his divisional
 responsibilities.
 During May 1999 he was appointed to his current position as Vice Chairman of
 the
 Board of Management.
     The global ZF Group, a leading automotive systems supplier of driveline
 technology, steering and suspension components, is headquartered in
 Friedrichshafen, Germany.  It employs more than 37,000 people worldwide and
 operates 60 facilities in 17 countries.  In 2000, the ZF Group posted
 worldwide
 sales of $7 billion.  With sales of $1.6 billion in 1999 and sales of $1.8
 billion in 2000, the ZF Group in NAFTA expects annual sales of over $2 billion
 by the year 2002.  ZF Group North American Operations is headquartered in
 Cincinnati, Ohio and operates 17 production sites in the NAFTA region.
 
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SOURCE ZF Friedrichshafen AG
    FRIEDRICHSHAFEN, Germany, April 25 /PRNewswire/ -- ZF Friedrichshafen AG
 (ZF) appointed Dr. Siegfried Goll its new Chief Executive Officer at a meeting
 of the Supervisory Board held April 24.  Effective July 1, 2001 he will
 succeed Dr. Klaus Bleyer, who announced his retirement on April 19.
     Dr. Goll currently holds the position of Vice Chairman of the Board of
 Management and Executive Vice President, Technology.
     During 12 years under Dr. Bleyer, ZF became one of the world's leading
 auto suppliers.  In the same period sales figures were doubled: they rose from
 euro 3.2 billion to about euro 6.5 billion, with the workforce largely
 remaining at the same level.  Technological leadership and global market
 presence and cost management were the essential elements Bleyer employed in
 shaping and strengthening the company global competition.
     Dr. Goll, born in Bregenz, Austria, started his career at ZF in 1963 as a
 test engineer.  In 1989 he joined the management of ZF Getriebe GmbH in
 Saarbrucken, Germany responsible for product development.  In 1993 he was
 appointed Group Executive of the Car Transmissions Division.
     January 1997 he was appointed to the Board of Management and he took
 charge of research and development in addition to his divisional
 responsibilities.
 During May 1999 he was appointed to his current position as Vice Chairman of
 the
 Board of Management.
     The global ZF Group, a leading automotive systems supplier of driveline
 technology, steering and suspension components, is headquartered in
 Friedrichshafen, Germany.  It employs more than 37,000 people worldwide and
 operates 60 facilities in 17 countries.  In 2000, the ZF Group posted
 worldwide
 sales of $7 billion.  With sales of $1.6 billion in 1999 and sales of $1.8
 billion in 2000, the ZF Group in NAFTA expects annual sales of over $2 billion
 by the year 2002.  ZF Group North American Operations is headquartered in
 Cincinnati, Ohio and operates 17 production sites in the NAFTA region.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X55987213
 
 SOURCE  ZF Friedrichshafen AG