Schaeffler Group Appoints New Chief Financial Officer

 We learned from Germany FAG Precision bearing Group, March 18, 2009, the Schaeffler Group Appoints New Chief Financial Officer Klaus Rosenfeld as President.

        Mr. Klaus Rosenfeld Dresdner Bank AG board member since 2002, is responsible for Dresdner region's financial control, business investment.

        Schaeffler Group President and CEO Dr. Yu Ergen said Claudia Strobel Senfei De sir "Claudia Strobel Senfei De, we have listened to the views of many clutch bearing members and experts acknowledged, you want to Schaeffler Group this challenging financial environment to grow, it must Schaeffler Group's financial management to make greater contributions to the cause, you understand? "replied Mr. Klaus Rosenfeld quite sure

        Before February 18, has informed the German FAG Bearings Group's former chief financial officer Thomas Hetmann (46 years old) will leave the company after the transfer of its duties. Schaeffler Group thanked Mr Thomas Hetmann the hard work and dedication to the company.