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Auto supplier ZF chairman resigns

Auto supplier ZF chairman resigns
From Reuters - November 29, 2017

FRANKFURT, Nov 29 (Reuters) - German automotive supplier ZF Friedrichshafen said on Wednesday that its supervisory board chairman , Giorgio Behr, was stepping down.

A company spokesman said Behr was giving four weeks notice, but declined to comment further.

Germanys Handelsblatt newspaper earlier reported Behrs departure, saying the move was due to a power struggle between Behr and the companys owners over strategy after they blocked a takeover of U.S. commercial vehicle parts supplier Wabco Holdings.

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