ZF Ceo Sommer steps down after losing power struggle
ZF Friedrichshafen said CEO Stefan Sommer is leaving the company. Sommer's departure likely signals the end of an expansion strategy that drove the Germany supplier's $12.4 billion acquisition of TRW Automotive, creating the industry's second-largest supplier.
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#1 Dec 8, 2017
"Sommer, 54, went on a buying spree to transform ZF into a leading technology company in e-mobility and autonomous driving, reducing its dependence on combustion-engine cars."
Yeah, so what 'assets' will ZF sell to divest itself and create this magical increase of dividends for investors? Sommer can lead Andreas Brand to the future, but he can't make him think. One day Brand too will be on the street, wondering what happened?
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