The Schaeffler Group is a leading global integrated automotive and industrial supplier. The Schaeffler Group’s business is managed based on the three operating divisions, which have global responsibility and also represent the reportable segments in accordance with IFRS 8.
Up to December 31, 2017, the Schaeffler Group divided its business into the two divisions Automotive and Industrial. In order to make the company even more customer-oriented in a fast-changing market and competitive environment, the Automotive Aftermarket was separated from the Automotive division of Schaeffler AG and set up as a stand-alone division with its own CEO as of January 1, 2018. As a consequence, the Schaeffler Group has been dividing its business into three divisions – Automotive OEM, Automotive Aftermarket, and Industrial – since January 1, 2018. The Automotive OEM division business is organized into the four business divisions (BD) Engine Systems, Transmission Systems, E-Mobility, and Chassis Systems. The Automotive Aftermarket and Industrial divisions are managed regionally, based on the regions Europe, Americas, Greater China, and Asia/Pacific.
The three divisions of the Schaeffler Group are managed from decentralized divisional headquarters located in Buehl, Langen, and Schweinfurt. The Automotive OEM division is headquartered in Buehl, the new Automotive Aftermarket division is managed from Langen, and the Industrial division is located in Schweinfurt. The corporate head office of the Schaeffler Group is in Herzogenaurach.
The Board of Managing Directors of Schaeffler AG has decided, with the approval of the Supervisory Board’s executive committee, to further improve and realign the Schaeffler Group’s organizational and leadership structure. Following the realignment of the Industrial division effective January 1, 2017 (step 1), and the set-up of the Automotive Aftermarket as the Schaeffler Group’s third division as at January 1, 2018 (step 2), the company decided to integrate its “Bearing & Components Technologies” (BCT) unit, which had previously acted as an internal supplier, into the divisions. Under this reorganization, the plants previously assigned to BCT were transferred to the Automotive OEM and Industrial divisions. The Automotive Aftermarket division will continue to be supplied largely from the Automotive OEM division’s manufacturing locations as before. This realignment aims to bring the plants closer to the business and to establish consistent responsibilities for the business and earnings worldwide in order to even better meet its customer’s needs. The change also streamlined work flows and processes, eliminated duplicate structures, and leveraged additional efficiencies. The previous function of the BCT unit as a technological bracket around development, design, and production of rolling bearings will continue to represent a core element of the “One Schaeffler” approach. This bracketing function was transferred to the Technology and Operations, Supply Chain Management & Purchasing functions and strengthened by combining it with these functions’ pre-existing expertise.