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Sensata Technologies Appoints New Chief Executive Officer

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Sensata Technologies (NYSE: ST) has appointed Stephan von Schuckmann as its new Chief Executive Officer, effective January 1, 2025. Von Schuckmann brings over 20 years of global automotive and industrials experience, most recently serving as Board Member at ZF Group where he led the electric mobility division with annual revenue exceeding $12 billion. He also oversaw Asia Pacific operations and global procurement.

The appointment follows a thorough search process by Sensata's Board of Directors, who unanimously approved von Schuckmann's selection. Martha Sullivan, who served as interim CEO, will continue on the Board and act as a special advisor during the transition. Von Schuckmann will also join Sensata's Board of Directors upon assuming his role.

Sensata Technologies (NYSE: ST) ha nominato Stephan von Schuckmann come nuovo Amministratore Delegato, a partire dal 1 gennaio 2025. Von Schuckmann porta con sé oltre 20 anni di esperienza a livello globale nei settori automotive e industriali, avendo ricoperto recentemente il ruolo di membro del Consiglio presso ZF Group, dove ha guidato la divisione mobilità elettrica con ricavi annuali superiori a 12 miliardi di dollari. Ha anche supervisionato le operazioni nella regione Asia Pacifico e gli approvvigionamenti globali.

La nomina segue un attento processo di selezione da parte del Consiglio di Amministrazione di Sensata, che ha approvato all'unanimità la scelta di von Schuckmann. Martha Sullivan, che ha ricoperto il ruolo di CEO ad interim, continuerà a far parte del Consiglio e agirà come consulente speciale durante la transizione. Von Schuckmann entrerà anche a far parte del Consiglio di Amministrazione di Sensata al momento dell'assunzione del suo incarico.

Sensata Technologies (NYSE: ST) ha nombrado a Stephan von Schuckmann como su nuevo Director Ejecutivo, efectivo desde el 1 de enero de 2025. Von Schuckmann aporta más de 20 años de experiencia global en el sector automotriz e industrial, habiendo desempeñado recientemente el cargo de miembro de la Junta en ZF Group, donde lideró la división de movilidad eléctrica con ingresos anuales que superan los $12 mil millones. También supervisó las operaciones en la región de Asia-Pacífico y las compras globales.

El nombramiento sigue a un exhaustivo proceso de búsqueda llevado a cabo por la Junta de Directores de Sensata, que aprobó unánimemente la selección de von Schuckmann. Martha Sullivan, quien se desempeñó como CEO interina, continuará en la Junta y actuará como asesora especial durante la transición. Von Schuckmann también se unirá a la Junta de Directores de Sensata al asumir su cargo.

센사타 테크놀로지스(Sensata Technologies) (NYSE: ST)슈테판 폰 슈크만(Stephan von Schuckmann)을 2025년 1월 1일부터 새로운 CEO로 임명하였습니다. 폰 슈크만은 자동차 및 산업 분야에서 20년 이상의 글로벌 경험을 보유하고 있으며, 최근에는 ZF 그룹에서 이사회 멤버로 재직하며 연간 120억 달러 이상의 매출을 올리는 전기 모빌리티 부서를 이끌었습니다. 그는 아시아 태평양 지역의 운영과 글로벌 조달도 감독했습니다.

이번 임명은 센사타의 이사회가 철저한 검색 과정을 거쳐 폰 슈크만의 선택을 만장일치로 승인한 결과입니다. 마르타 설리반(Martha Sullivan)은 임시 CEO로서 계속해서 이사회에 남아 전환 기간 동안 특별 자문 역할을 수행할 것입니다. 폰 슈크만은 자신의 직무를 맡게 되면 센사타의 이사회에도 합류할 예정입니다.

Sensata Technologies (NYSE: ST) a nommé Stephan von Schuckmann comme nouveau Directeur Général, à compter du 1er janvier 2025. Von Schuckmann possède plus de 20 ans d'expérience mondiale dans les secteurs automobile et industriel, ayant récemment été membre du conseil d'administration de ZF Group, où il a dirigé la division de mobilité électrique avec un chiffre d'affaires annuel dépassant 12 milliards de dollars. Il a également supervisé les opérations en Asie-Pacifique et les achats mondiaux.

Cette nomination fait suite à un processus de recherche approfondi mené par le conseil d'administration de Sensata, qui a approuvé à l'unanimité la sélection de von Schuckmann. Martha Sullivan, qui a occupé le poste de PDG par intérim, continuera à siéger au conseil et agira en tant que conseillère spéciale pendant la transition. Von Schuckmann rejoindra également le conseil d'administration de Sensata lorsqu'il assumera son rôle.

Sensata Technologies (NYSE: ST) hat Stephan von Schuckmann als neuen CEO ernannt, der am 1. Januar 2025 sein Amt antreten wird. Von Schuckmann bringt über 20 Jahre globale Erfahrung in der Automobil- und Industriebranche mit, zuletzt war er Mitglied des Vorstands der ZF Group, wo er die Abteilung für elektrische Mobilität mit einem Jahresumsatz von über 12 Milliarden Dollar leitete. Zudem überwachte er die asiatisch-pazifischen Operationen und die globale Beschaffung.

Die Ernennung folgt einem gründlichen Suchprozess des Vorstands von Sensata, der einstimmig die Auswahl von von Schuckmann genehmigte. Martha Sullivan, die als interimistische CEO fungierte, wird weiterhin im Vorstand bleiben und während des Übergangs als spezielle Beraterin fungieren. Von Schuckmann wird ebenfalls dem Vorstand von Sensata beitreten, sobald er seine Rolle übernimmt.

Positive
  • Appointment of CEO with extensive e-mobility and automotive industry experience
  • New CEO's previous division generated over $12B in annual revenue
  • Smooth transition process with interim CEO staying as special advisor
Negative
  • 12-month wait period before new CEO takes office

Stephan von Schuckmann Brings Extensive Experience in E-Mobility, Automotive, and Industrial Technology to Sensata

SWINDON, United Kingdom--(BUSINESS WIRE)-- Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensors, sensor-rich solutions and electrical protection devices used in mission-critical systems to help its customers address increasingly complex engineering and operating performance requirements, today announced that its Board of Directors has appointed Stephan von Schuckmann as its new Chief Executive Officer (“CEO”) effective January 1, 2025. Mr. von Schuckmann will also become a member of the Board at that time.

Mr. von Schuckmann has more than 20 years of global automotive and industrials experience. Most recently, he was a Member of the Board of Management at ZF Friedrichshafen AG (“ZF Group”) with global leadership responsibility of its electric mobility division, the largest division within ZF Group with annual revenue of more than $12 billion. Additionally, Mr. von Schuckmann oversaw the Asia Pacific region and global procurement operations.

Andrew Teich, Chairman of the Board of Sensata, said, “On behalf of the Sensata Board of Directors, I am excited to welcome Stephan as our new CEO. At the conclusion of our thorough search process, the Board unanimously approved Stephan’s appointment. His extensive experience in the automotive and industrial sectors, including both conventional and electrified powertrains, gives us confidence that Sensata will execute strongly against the opportunities before us. Stephan has an exceptional track record of value creation, and we look forward to his leadership at Sensata.”

Incoming CEO Stephan von Schuckmann said, “I am very excited to be joining Sensata at this pivotal time in its growth cycle. With a long tenure of innovative product development focused on providing high-value sensor and electrical protection solutions, I believe Sensata is uniquely positioned to support its customers with applications that meet the needs of a safer, cleaner, and more efficient world. Sensata possesses many strengths, not the least of which are its longstanding customer relationships, global manufacturing footprint, and an outstanding team of dedicated employees. I look forward to working with the team to deliver value for all constituents.”

Mr. Teich added, “I would also like to thank Martha Sullivan, for stepping back into the CEO role on an interim basis and for her leadership in the search for a new CEO. Her decades of experience and dedication to Sensata ensured that the Company would continue to execute during this period of transition. In addition to her continuing role on the Board, she has graciously agreed to act as a special advisor to Stephan as he assumes his new responsibilities.”

About Stephan Von Schuckmann

Stephan Von Schuckmann has over 20 years of expertise as a global industry leader. He possesses a robust industrial, commercial, and financial background which has uniquely prepared him to lead Sensata by capitalizing on opportunities and navigating the challenges of its diverse industries. He also brings a proven track record in driving business transformations on a global scale, most notably the transition from conventional to electric powertrains at ZF Group.

In addition to his most recent responsibilities leading ZF Group’s electric mobility division, procurement operations, and Asia Pacific region, his prior roles at ZF Group include CEO of Car Powertrain and Electric Mobility; CFO of the Car Powertrain Technology Division; VP of Restructuring and Improvement in the Car Powertrain Technology Division; VP of Aftermarket and Military for Robert Bosch Automotive Steering; and MD and Plant Manager for Robert Bosch Automotive Steering.

He holds a master’s degree of Commerce in Accounting & Finance from Macquarie University in Sydney, Australia, and completed undergraduate studies in economics at Ruprecht-Karls-University of Heidelberg and in engineering at the University of Paderborn.

About Sensata Technologies

Sensata Technologies is a global industrial technology company striving to create a safer, cleaner, more efficient and electrified world. Through its broad portfolio of mission-critical sensors, electrical protection components and sensor-rich solutions, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 19,000 employees and global operations in 15 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. Learn more at www.sensata.com and follow Sensata on LinkedIn, Facebook, X, and Instagram.

Safe Harbor Statement

This news release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as "may," "will," "could," "should," "expect," "anticipate," "believe," "estimate," "predict," "project," "forecast," "continue," "intend," "plan," "potential," "opportunity," "guidance," and similar terms or phrases. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business and market outlook, megatrends, priorities, growth, shareholder value, capital expenditures, cash flows, demand for products and services, share repurchases, and Sensata’s strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. These statements are subject to risks, uncertainties, and other important factors relating to our operations and business environment, and we can give no assurances that these forward-looking statements will prove to be correct.

A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements, including, but not limited to, risks related to public health crises, instability and changes in the global markets, supplier interruption or non-performance, the acquisition or disposition of businesses, adverse conditions or competition in the industries upon which we are dependent, intellectual property, product liability, warranty, and recall claims, market acceptance of new product introductions and product innovations, labor disruptions or increased labor costs, and changes in existing environmental or safety laws, regulations, and programs.

Investors and others should carefully consider the foregoing factors and other uncertainties, risks, and potential events including, but not limited to, those described in Item 1A: Risk Factors in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A: Risk Factors in our quarterly reports on Form 10-Q or other subsequent filings with the United States Securities and Exchange Commission. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.

Media & Investor Contact:

James Entwistle

+1 (508) 954-1561

jentwistle@sensata.com

investors@sensata.com

Source: Sensata Technologies

FAQ

When will Stephan von Schuckmann start as Sensata Technologies (ST) CEO?

Stephan von Schuckmann will assume the role of CEO at Sensata Technologies effective January 1, 2025.

What was Stephan von Schuckmann's previous position before joining Sensata (ST)?

He was a Member of the Board of Management at ZF Friedrichshafen AG, leading their electric mobility division with over $12 billion in annual revenue.

What are Stephan von Schuckmann's key responsibilities at his previous company?

At ZF Group, he led the electric mobility division, oversaw the Asia Pacific region, and managed global procurement operations.

Who is serving as interim CEO of Sensata (ST) during the transition period?

Martha Sullivan is serving as interim CEO and will continue on the Board as a special advisor during the transition.

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