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Press Release

2019-Aug-28

ZF appoints new Head of Corporate Finance

  • Ulf Loleit moves from BASF to ZF as of November 1, 2019
  • 50-year-old graduate economist with many years of experience in the financial markets

Friedrichshafen. ZF has a new Head of Corporate Finance: Ulf Loleit will join the company on November 1, 2019. He will report to Chief Financial Officer Dr. Konstantin Sauer.

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ZF appoints new Head of Corporate Finance

Before studying economics in Germany and Canada, Loleit completed an apprenticeship at Deutsche Bank, where he also worked during his studies. In 1997, he started his career at BASF in Ludwigshafen as Management Associate Finance & Administration. In his more than two decades with the BASF Group, Loleit held various management positions in Finance, Controlling and Corporate Treasury. In 2011, he was appointed Senior Vice President Finance & Controlling Asia Pacific. Based in the regional headquarters Asia Pacific in Hong Kong, China, he was responsible for the functional leadership of all financial units in the region, including the Finance Services unit at the Shared Service Center in Kuala Lumpur, Malaysia. Since his return to Germany in 2015, Loleit has been Senior Vice President Corporate Treasury at BASF in Ludwigshafen.

„Ulf Loleit has worked for BASF both in Germany and abroad for 22 years. During this time, he held a wide variety of functions and positions in the DAX-listed company’s finance department," says ZF’s Chief Financial Officer Dr. Konstantin Sauer. "With his comprehensive know-how in credit risk management, financial planning and controlling, and the development of financing strategies for takeovers and investments, he is a perfect fit for our finance team.”

CONTACT

Thomas Wenzel

Director Global Corporate Communications

+49 7541 77-2543

thomas.wenzel@zf.com

Andreas Veil

Head of External Communications

+49 7541-77 7925

andreas.veil@zf.com