The shareholders and advisory board of GETRAG Group appointed Mihir Kotecha, CEO of GETRAG FORD Transmissions GmbH, as CEO of GETRAG Group. He succeeds Dieter Schlenkermann, and for the time being, Kotecha will assume his duties at GETRAG Group and GETRAG FORD Transmissions GmbH simultaneously.

"GETRAG faces challenges and great chances," says Tobias Hagenmeyer, president of the GETRAG Corporate Group. "We have selected Mihir Kotecha to be the future head of GETRAG for bringing new strategic impulses into the company. In this phase of continuous weakness of the market, new approaches are necessary to realize our potentials, opportunities and goals.

Schlenkermann's retirement from management is effective December 1. "We thank Dieter Schlenkermann for his 35 years of extraordinary work for our company," Hagenmeyer says. "This change is a signal of stability, but at the same time, it shows our will for adjustments, which are essential in these days. Dieter Schlenkermann has significantly given character to the successful way of GETRAG, and he deserves our explicit respect and gratitude."