ZF Names Hans-Georg Haerter as Next CEO

FRIEDRICHSHAFEN, Germany, April 27 -- ZF Friedrichshafen AG - a leading worldwide supplier of driveline and chassis technology - announced Hans-Georg Haerter (60) as the successor to current CEO Siegfried Goll (65).

Haerter will be appointed to the ZF Friedrichshafen AG Board of Management effective October 1, 2006 and will be assigned to the CEO position effective January 1, 2007. Goll is retiring December 31, 2006.

Haerter currently serves as the Group Executive, Powertrain and Suspension Components division, ZF Sachs AG. As a member of the ZF Group Board of Management, he is responsible for operations in the Asia-Pacific region.

Goll has been CEO of ZF since July 2001.

ZF Friedrichshafen AG is a leading worldwide supplier of driveline and chassis technology. Headquartered in Friedrichshafen, Germany, ZF is among the 15 largest automotive suppliers in the world. The company has a total workforce of 54,500 at 125 locations in 26 countries, and combined revenues for the group totaled more than $12 billion in 2004.

ZF operates a large manufacturing network in North America, combined with global research and development capabilities, to provide advanced technology to the region. The ZF Group North American Operations Headquarters and Technical Center is located in Northville, Mich., USA.