Schaeffler AG Elects New Supervisory Board Members and Declares Dividend

In its first Annual General Meeting post-merger with Vitesco Technologies Group AG, Schaeffler AG elected new Supervisory Board members and announced a dividend of €0.25 per share. The meeting, held at Schaeffler's headquarters in Herzogenaurach, Germany, saw participation from around 520 shareholders, representing roughly 85% of shares with voting rights.

The AGM approved all agenda items, including converting bearer shares to registered shares. This change aims to facilitate better communication with shareholders. Georg F. W. Schaeffler, Chairman of the Supervisory Board, emphasized the importance of transparent communication.

The meeting introduced a staggered board structure to enhance continuity and flexibility. New board members Susanne Heckelsberger, Manfred Eibeck, and KR Joachim Hirsch join, aligning with a prior agreement with Vitesco. CEO Klaus Rosenfeld reiterated Schaeffler's vision of leading in Motion Technology, emphasizing diversification and innovation.