Siddhesh Joshi (Editor)

Maria Elisabeth Schaeffler

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Role  Business owner
Net worth  6.5 billion USD (2015)
Children  Georg F. W. Schaeffler

Maria-Elisabeth Schaeffler MariaElisabeth Schaeffler Photos Continental
Name  Maria-Elisabeth Schaeffler
Spouse  Jurgen Thumann (m. 2014), Georg Schaeffler (m. 1963–1996)
Similar People  Georg F W Schaeffler, Jurgen Thumann, Georg Schaeffler

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Maria-Elisabeth Schaeffler (born 17 August 1941 in Prague) is one of the owners of Schaeffler Group, one of the world's largest producers of rolling bearings. The other owner is her son Georg F. W. Schaeffler.

Contents

Maria-Elisabeth Schaeffler MariaElisabeth Schaeffler 2015 dating smoking origin

Early life

Maria-Elisabeth Schaeffler MariaElisabeth Schaeffler Forbes

Maria-Elisabeth Schaeffler was born in Prague, Czechoslovakia, and grew up in Vienna, Austria.

Career

Maria-Elisabeth Schaeffler MariaElisabeth Schaeffler Photos Continental

In 1963 Schaeffler married Georg Schaeffler, and moved to Herzogenaurach in Franconia, which is located within Bavaria. It was through Schaeffler's marriage that she would come to work for Schaeffler Group AG. In 1996 Georg died, and she took the reins of the family business.

Maria-Elisabeth Schaeffler MariaElisabeth Schaeffler 2015 dating smoking origin

It has been Maria-Elizabeth Schaeffler's legacy to continue with her husband's life's work, growing the family business, Schaeffler Group AG. Since 1996 Schaeffler has led her company through multiple lucrative acquisitions, including: INA, LUK, and FAG. These three companies in particular are large brand name corporations in making rolling bearings. These three acquisitions have made Schaeffler Group AG one of the largest producers of rolling bearings and linear motion products in the World.

In 1999, Schaeffler led the acquisition of LUK, a clutch manufacturer, obtaining all of the shares of the company for Schaeffler Group AG. In 2001 she led the acquisition of FAG Kugelfischer Georg Schäfer AG Schweinfurt, with the acquisitions of FAG and INA, Schaeffler Group AG had become the second largest producer of rolling bearings in the World. In 2009 Schaeffler Group purchased a significant share of the company Continental AG.

Since 1996 Schaeffler Group AG has seen an increase in annual turnover and employment. By 2013 the annual turnover reached approximately 10 billion Euros, and the employment tripled to over 70,000 employees, an impressive mark for a completely privately owned company.

Political activities

Schaeffler served as a CSU delegate to the Federal Convention for the purpose of electing the President of Germany in 2004. During the Hannover Messe in April 2016, she was among the 15 German corporate leaders who were invited to a private dinner with President Barack Obama.

Corporate boards

  • Deloitte Germany, Member of the Advisory Board
  • BayernLB, Member of the Supervisory Board (-2014)
  • Nürnberger Lebensversicherung AG, Member of the Supervisory Board (2012-2013)
  • Other activities

  • Deutsches Museum, Member of the Board of Trustees
  • Konzertgesellschaft München, Member of the Board of Trustees
  • Mozarteum University of Salzburg, Member of the Advisory Board
  • Salzburg Easter Festival, Member of the Board of Trustees
  • Recognition

    Schaeffler has been given many awards and accolades, including the following:

  • 2001 – Cross of Merit with Ribbon of the Order of Merit of the Federal Republic of Germany
  • 2001 – Medal of Honor by the Nuremberg Chamber of Commerce for the Mid-Franconian region
  • 2002 – Honorary citizen of the town of Höchstadt/Aisch
  • 2003 – Bavarian Order of Merit
  • 2004 – "Family Entrepreneur of the Year" award, presented by the economics magazine "impulse" and the "INTES Akademie für Familienunternehmen" (INTES Academy for Family-Owned Companies)
  • 2005 – Honorary Member of the Senate of the Transylvania University of Brasov, Romania
  • 2005 – Honorary citizen of the town of Jeonju, Jeollabuk-Do province, Korea
  • 2006 – Honorary citizen of the town of Herzogenaurach Entry in the "Golden Book" of the Erlangen-Höchstadt district
  • 2007 – Large Silver Medal with Star for Services to the Republic of Austria
  • 2007 – 1st Class Cross of Merit of the Order of Merit of the Federal Republic of Germany
  • 2007 – Karmarsch Medal
  • 2011 – "Großen Tiroler Adler" medal
  • 2011 – "Personality of the Year" award presented by the ÖkoGlobe-Institut of Duisburg-Essen University
  • 2012 – "Gold medal of the District" for the Erlangen-Höchstadt district
  • 2013 – "Family Entrepreneur of the Year award, 2012", selected by a jury of representatives of German industry and Handelsblatt
  • References

    Maria-Elisabeth Schaeffler Wikipedia


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