MAHLE Appoints New CEO

The MAHLE Supervisory Board has appointed Arnd Franz to CEO and chairman of the Management Board of the MAHLE Group, the company announced.

Franz has been CEO of LKQ Europe since 2019 and is now returning to MAHLE, where he had previously worked for 18 years. Franz will take up his position as CEO on Nov. 1. Michael Frick, long-standing member of the Group Management Board responsible for finance (CFO), is leaving the company on Nov. 1, and will be replaced by Markus Kapaun, who has worked for MAHLE for almost 20 years, most recently as vice president Finance and Accounting Europe.

“I am pleased that we have been able to recruit Arnd Franz, an experienced general manager with a profound understanding of technology and proven expertise in the automotive industry, for the position of CEO,” said Dr. Heinz K. Junker, Chairman of the MAHLE Supervisory Board. “Arnd Franz is thoroughly conversant with the Group thanks to his former positions with the company and is outstandingly well-networked. Together with the other members of the Management Board and the entire workforce, he will forge ahead with the transformation of MAHLE in challenging times.”