HERZOGENAURACH, Germany - The Supervisory Board of Schaeffler AG has appointed Claus Bauer (55) to the board of managing directors of Schaeffler AG as chief financial officer (CFO), responsible for finance and information technology, effective September 1, 2021, under a two-year contract. Bauer succeeds Dr. Klaus Patzak (56) who left Schaeffler AG at his own request effective July 31, 2021.