The Shareholders' Committee of Voith Management GmbH decided about the succession of Dr. Hubert Lienhard, long-standing president/CEO of the Management Board. Stephan Schaller, currently member of Voith Shareholders’ Committee and head of the global motorcycle division of BMW Group, has been appointed as successor. As planned, Lienhard, who has been in charge since 2008, will retire in 2018 upon completion of his second term in office at the age of 67. The change at the top will take place on April 1, 2018.

Schaller studied mechanical engineering at Rheinisch-Westfälische Technische Hochschule (RWTH) Aachen. From 1981 to 1999, he held management and executive positions at BMW Group.

After four years, initially as head of technical planning, then in the technical management of Linde AG's refrigeration division, Schaller joined Volkswagen AG in 2004 as head of production for the commercial vehicle division. Since 2007, he has been chairman of the board of Management of commercial vehicle brand of Volkswagen. In 2010, he became vice chairman of the executive board of Schott AG before being appointed head of the global motorcycle division of BMW Group in June 2012.

Schaller has been a member of the Shareholders' Committee of Voith since Oct. 1, 2015.

At the same time, Lienhard will be appointed to the Shareholders' Committee effective from April 1, 2018. He will take Schaller’s current seat in the committee.