Schaeffler India Limited Announces Resignation of Jürgen Ziegler, Non-Executive Non-Independent Director, Effective from July 21, 2021
July 13, 2021 at 07:13 am
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Schaeffler India Limited announced that Mr. Jürgen Ziegler [DIN: 07092477], Non-Executive Non-Independent Director of the Company, has tendered his resignation as a Director to be effective from close of business hours of July 21, 2021 on account of other professional commitments.
Schaeffler India Limited is an India-based automotive and industrial component supplier. The Company provides components and systems for engine, transmission, and chassis applications for hybrid, electric, and combustion-engine-powered vehicles. The Companyâs segments include Automotive Technologies, Automotive Aftermarket, Industrial, and Exports & Others. The Automotive Technologies segment develops products using sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. The Automotive Aftermarket provides data-driven services and plug-and-play solutions for transmission, engine, and chassis systems. It also includes three brands, such as LuK, INA and FAG. The Industrial segment offers a portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several meters wide. The Exports & Others segment includes exports to group companies and scrap sales.