Dr. Martin U. Schefter assumes the position of First Sensor AG's new CEO. In the future, he and Joachim Wimmers will jointly manage the company. Dr. Schefter is replacing Dr. Hans-Georg Giering, who was a member of the company's management board for the last 14 years and its Chief Executive Officer since 2008.

The change at the top is the result of a mutual agreement. Under Giering's direction, the company established itself as a reliable provider of customized sensor solutions around the world and grew substantially in recent years. The new management board team plans to establish First Sensor AG as one of the world's leading sensor technology experts.

Dr. Schefter was a Managing Director with the EATON Industries Holding.