Early Life
Maria-Elisabeth Schaeffler-Thumann was born Maria-Elisabeth Kurssa on August 17, 1941, in Prague. Her family was later forced to flee Prague after World War II. She was raised in Vienna, Austria, where she completed her secondary education.
Rise to Success
In 1963, she married Dr. Georg Schaeffler and relocated to Herzogenaurach, Germany, where she began her journey with the Schaeffler Group. After her husband's death in 1996, she took over the family business, demonstrating exceptional leadership. Under her guidance, the company expanded through strategic acquisitions, including INA, LuK, and FAG, transforming the Schaeffler Group into a global leader in rolling bearings. A key moment was the 2008 acquisition of Continental AG, which significantly impacted the company's trajectory.
Key Business Strategies
Maria-Elisabeth Schaeffler-Thumann focused on long-term strategies and responsible corporate development, including substantial investment in research and development. The Schaeffler Group has expanded its global footprint with production facilities and R&D centers in 22 countries, reflecting her commitment to sustainable growth.
Philanthropy
Maria-Elisabeth is known for her philanthropic endeavors, supporting various charitable organizations and social causes. In 2021, the Schaeffler Foundation was created with an initial endowment of €3 million to focus on climate, environmental protection, and social welfare.