Before joining the Schaeffler Group, Dr. Spindler was a Member of the Executive Board at Bosch Rexroth responsible for the "Mobile Applications" business division. He is successor to Robert Schullan (57), CEO of the Industrial division, who will leave the Schaeffler Group at his own request on May 1, 2015 to pursue new career opportunities.

Georg F. W. Schaeffler, Chairman of the Supervisory Board of Schaeffler AG, said: "With Dr. Spindler, we are gaining a very experienced executive manager for our Industrial division who will consistently continue Mr. Schullan's work, in particular with regard to the worldwide customer business. Mr. Schullan has been working for the Schaeffler Group for approximately 30 years. During this time, he has made an outstanding contribution to the successful development of the Schaeffler Group's industrial business. We thank Mr. Schullan for his contribution over the last three decades at the Schaeffler Group and wish him all the very best for his future career. We wish Dr. Spindler every success in his new and challenging role."

About Schaeffler

The Schaeffler Group is a leading global integrated automotive and industrial supplier. The company stands for the highest quality, outstanding technology, and strong innovative ability. The Schaeffler Group makes a key contribution to "mobility for tomorrow" with high-precision components and systems in engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The company generated sales of approximately EUR 12.1 bn in 2014. With more than 82,000 employees, Schaeffler is one of the world's largest technology companies in family ownership and, with approximately 170 locations in 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies.