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It has been
Schaeffler's legacy to continue with her husband's life's work, growing the family business, Schaeffler Group AG. Since 1996 Schaeffler has led her company through multiple acquisitions, including: INA, LUK, and FAG. These three companies in particular are large brand name corporations in
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In 1999, Schaeffler led the acquisition of the remaining shares of LuK, a clutch manufacturer, obtaining 50% of the shares of the company for
Schaeffler Group AG. Schaeffler Group already owned 50% of the LuK shares. In 2001 she led the acquisition of FAG Kugelfischer Georg Schäfer AG Schweinfurt,
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with the acquisitions of FAG and INA, Schaeffler Group AG had become the second largest producer of rolling bearings in the World. In 2009 Schaeffler Group purchased a significant share of the company
Continental AG.
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Since 1996, Schaeffler Group AG has seen an increase in annual turnover and employment. By 2013 the annual turnover reached approximately 10 billion euros, and the employment tripled to over 70,000 employees.
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Press
Releases: Maria-Elisabeth Schaeffler is awarded the Cross of Merit, 1st Class of the Order of Merit of the Federal Republic of Germany for special services to the nation; Schaeffler AG; 5 October
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2004 - "Family
Entrepreneur of the Year" award, presented by the economics magazine "impulse" and the "INTES Akademie für Familienunternehmen" (INTES Academy for Family-Owned Companies)
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making rolling bearings. These three acquisitions have made
Schaeffler Group AG one of the largest producers of rolling bearings and linear motion products in the World.
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184:. It was through Schaeffler's marriage that she would come to work for Schaeffler Group AG. In 1996 Georg died, and she took the reins of the family business.
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Press
Releases: Maria-Elisabeth Schaeffler receives the Karmarsch Medal from the Association of Friends of Hanover University; Schaeffler AG; 3 December 2007
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AND SOCIAL COMMITMENT OF THE BUSINESSWOMAN FROM HERZOGENAURACH Maria-Elisabeth
Schaeffler Receives German Verdienstkreuz; Schaeffler AG; 3 May 2001
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Press
Releases: Maria-Elisabeth Schaeffler receives "Großer Tiroler Adler"-medal from the state of Tyrol; Schaeffler AG; 25 October 2011
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2013 - "Family Entrepreneur of the Year award, 2012", selected by a jury of representatives of German industry and
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2006 - Honorary citizen of the town of Herzogenaurach Entry in the "Golden Book" of the Erlangen-Höchstadt district
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Press Releases: Maria-Elisabeth Schaeffler named Family Business Woman of the Year; Schaeffler AG; 7 January 2013
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in April 2016, she was among the 15 German corporate leaders who were invited to a private dinner with President
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2011 - "Personality of the Year" award presented by the ÖkoGlobe-Institut of Duisburg-Essen University
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Press Releases: Bavarian Order of Merit for Maria-Elisabeth Schaeffler; Schaeffler AG; 17 July 2003
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The 'Made in Germany' Champion Brands: Nation Branding, Innovation and World Export Leadership
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2005 - Honorary Member of the Senate of the Transylvania University of Brasov, Romania
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Schaeffler has been given many awards and accolades, including the following:
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Nürnberger Lebensversicherung AG, Member of the Supervisory Board (2012-2013)
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2007 - Large Silver Medal with Star for Services to the Republic of Austria
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2005 - Honorary citizen of the town of Jeonju, Jeollabuk-Do province, Korea
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Officers Crosses of the Order of Merit of the Federal Republic of Germany
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for the purpose of electing the President of Germany in 2004. During the
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2012 - "Gold medal of the District" for the Erlangen-Höchstadt district
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POLITICO Pro's Morning Trade: Breaking bread with the president
631:"The World's Billionaires: #201 Maria-Elisabeth Schaeffler"
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In 1963, Schaeffler married Georg Schaeffler, and moved to
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Wahl der bayerischen Delegierten zur 12. Bundesversammlung
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Owners: Maria-Elizabeth Schaeffler; Schaeffler AG; 2014
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2002 - Honorary citizen of the town of Höchstadt/Aisch
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