Did the CEO of Woccu step down?
Yes, ZF Friedrichshafen experienced a significant leadership shake-up in September 2025. CEO Holger Klein stepped down from his position, and Peter Laier, who led the Commercial Vehicle division, also resigned. Holger Klein had been with the company for over ten years, serving as CEO for three of them, during which he was tasked with steering the supplier through financial difficulties. Peter Laier’s departure was attributed to differing views on the company's future strategic direction.
Related FAQs
Citibank is not part of United Overseas Bank (UOB), as it operates independently under its parent holding company, Citigroup Inc.