Stephan von Schuckmann Brings Extensive
Experience in E-Mobility, Automotive, and Industrial Technology to
Sensata
Sensata Technologies (NYSE: ST), a global industrial technology
company and leading provider of sensors, sensor-rich solutions and
electrical protection devices used in mission-critical systems to
help its customers address increasingly complex engineering and
operating performance requirements, today announced that its Board
of Directors has appointed Stephan von Schuckmann as its new Chief
Executive Officer (“CEO”) effective January 1, 2025. Mr. von
Schuckmann will also become a member of the Board at that time.
Mr. von Schuckmann has more than 20 years of global automotive
and industrials experience. Most recently, he was a Member of the
Board of Management at ZF Friedrichshafen AG (“ZF Group”) with
global leadership responsibility of its electric mobility division,
the largest division within ZF Group with annual revenue of more
than $12 billion. Additionally, Mr. von Schuckmann oversaw the Asia
Pacific region and global procurement operations.
Andrew Teich, Chairman of the Board of Sensata, said, “On behalf
of the Sensata Board of Directors, I am excited to welcome Stephan
as our new CEO. At the conclusion of our thorough search process,
the Board unanimously approved Stephan’s appointment. His extensive
experience in the automotive and industrial sectors, including both
conventional and electrified powertrains, gives us confidence that
Sensata will execute strongly against the opportunities before us.
Stephan has an exceptional track record of value creation, and we
look forward to his leadership at Sensata.”
Incoming CEO Stephan von Schuckmann said, “I am very excited to
be joining Sensata at this pivotal time in its growth cycle. With a
long tenure of innovative product development focused on providing
high-value sensor and electrical protection solutions, I believe
Sensata is uniquely positioned to support its customers with
applications that meet the needs of a safer, cleaner, and more
efficient world. Sensata possesses many strengths, not the least of
which are its longstanding customer relationships, global
manufacturing footprint, and an outstanding team of dedicated
employees. I look forward to working with the team to deliver value
for all constituents.”
Mr. Teich added, “I would also like to thank Martha Sullivan,
for stepping back into the CEO role on an interim basis and for her
leadership in the search for a new CEO. Her decades of experience
and dedication to Sensata ensured that the Company would continue
to execute during this period of transition. In addition to her
continuing role on the Board, she has graciously agreed to act as a
special advisor to Stephan as he assumes his new
responsibilities.”
About Stephan Von Schuckmann
Stephan Von Schuckmann has over 20 years of expertise as a
global industry leader. He possesses a robust industrial,
commercial, and financial background which has uniquely prepared
him to lead Sensata by capitalizing on opportunities and navigating
the challenges of its diverse industries. He also brings a proven
track record in driving business transformations on a global scale,
most notably the transition from conventional to electric
powertrains at ZF Group.
In addition to his most recent responsibilities leading ZF
Group’s electric mobility division, procurement operations, and
Asia Pacific region, his prior roles at ZF Group include CEO of Car
Powertrain and Electric Mobility; CFO of the Car Powertrain
Technology Division; VP of Restructuring and Improvement in the Car
Powertrain Technology Division; VP of Aftermarket and Military for
Robert Bosch Automotive Steering; and MD and Plant Manager for
Robert Bosch Automotive Steering.
He holds a master’s degree of Commerce in Accounting &
Finance from Macquarie University in Sydney, Australia, and
completed undergraduate studies in economics at
Ruprecht-Karls-University of Heidelberg and in engineering at the
University of Paderborn.
About Sensata Technologies
Sensata Technologies is a global industrial technology company
striving to create a safer, cleaner, more efficient and electrified
world. Through its broad portfolio of mission-critical sensors,
electrical protection components and sensor-rich solutions, Sensata
helps its customers address increasingly complex engineering and
operating performance requirements. With more than 19,000 employees
and global operations in 15 countries, Sensata serves customers in
the automotive, heavy vehicle & off-road, industrial, and
aerospace markets. Learn more at www.sensata.com and follow Sensata
on LinkedIn, Facebook, X, and Instagram.
Safe Harbor Statement
This news release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements may be identified by
terminology such as "may," "will," "could," "should," "expect,"
"anticipate," "believe," "estimate," "predict," "project,"
"forecast," "continue," "intend," "plan," "potential,"
"opportunity," "guidance," and similar terms or phrases.
Forward-looking statements involve, among other things,
expectations, projections, and assumptions about future financial
and operating results, objectives, business and market outlook,
megatrends, priorities, growth, shareholder value, capital
expenditures, cash flows, demand for products and services, share
repurchases, and Sensata’s strategic initiatives, including those
relating to acquisitions and dispositions and the impact of such
transactions on our strategic and operational plans and financial
results. These statements are subject to risks, uncertainties, and
other important factors relating to our operations and business
environment, and we can give no assurances that these
forward-looking statements will prove to be correct.
A wide variety of potential risks, uncertainties, and other
factors could materially affect our ability to achieve the results
either expressed or implied by these forward-looking statements,
including, but not limited to, risks related to public health
crises, instability and changes in the global markets, supplier
interruption or non-performance, the acquisition or disposition of
businesses, adverse conditions or competition in the industries
upon which we are dependent, intellectual property, product
liability, warranty, and recall claims, market acceptance of new
product introductions and product innovations, labor disruptions or
increased labor costs, and changes in existing environmental or
safety laws, regulations, and programs.
Investors and others should carefully consider the foregoing
factors and other uncertainties, risks, and potential events
including, but not limited to, those described in Item 1A: Risk
Factors in our most recent Annual Report on Form 10-K and as may be
updated from time to time in Item 1A: Risk Factors in our quarterly
reports on Form 10-Q or other subsequent filings with the United
States Securities and Exchange Commission. All such forward-looking
statements speak only as of the date they are made, and we do not
undertake any obligation to update these statements other than as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241217339617/en/
Media & Investor Contact: James Entwistle +1 (508)
954-1561 jentwistle@sensata.com investors@sensata.com
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