Automotive Supplier ZF Friedrichshafen AG Names Dr. Siegfried Goll CEO

    FRIEDRICHSHAFEN, Germany, April 25 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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