Peter Holdmann takes over ZF Friedrichshafen's North and South America market regions

ZF Friedrichshafen AG, a German company that produces global automotive parts, is partially reassigning the responsibilities of its board members. As previously announced, Martin Fischer is not seeking an extension of his contract with ZF. From mid-year onwards,  Peter Holdmann (pictured) will be responsible for the North and South America market regions, previously led by Fischer.

Peter Holdmann was appointed to the ZF board by the supervisory board in March 2024, effective May 1. He is currently responsible for the Chassis Solutions division and the Corporate Quality department. From July 1, 2024, Holdmann will also assume responsibility for the North and South American market regions, replacing Martin Fischer, who will leave ZF at the end of June. The Passive Security Technology division previously led by Fischer will now be assigned to CFO Michael Frick; the Electronics and Adas division will be transferred to CEO Dr. Holger Klein.

Peter Holdmann, PhD in mechanical and automotive engineering from RWTH Aachen University, has been with ZF since 2000. After holding various management positions in the Car Chassis Technology division, he assumed overall responsibility for the Chassis Modules and Chassis Systems business unit in 2008. With the acquisition of TRW Automotive in 2015, he moved to the new Active and Passive Safety Technology division and headed the Braking and Steering business in Detroit, Michigan in the USA. Since 2019, Holdmann has headed the Car Chassis Technology division, which was transferred to the new Chassis Solutions division at the beginning of the year. On May 1, 2024, he became a member of the Board of Directors of ZF.