German firm ZF has announced the appointment of a new chairman to its supervisory board.
Franz-Josef Paefgen has been confirmed as the successor to the incumbent, Giorgio Behr.
Paefgen has been on the company’s board since 2008, but had a distinguished career before joining ZF, having held various managerial positions in the automotive industry. He was
a member of the board at Audi from 1995 to 2002, and chairman of the board of management from 1997. From March 2002, Paefgen was responsible for the Bentley brand, and as chief representative on the board of Volkswagen, he was also responsible for Volkswagen’s corporate research and motorsports. Between 2003 and 2005, Paefgen was head of Bugatti Engineering. From 2007 to his retirement in 2011, he was president of Bugatti Automobiles and Bugatti International.
Upon the announcement of his appointment, Paefgen said, “It is vital to settle down now and concentrate on our business and the future transformation of the automotive industry. I would like to make my contribution to this as chairman of the supervisory board.”