— By Plasteurope.com staff — 

There are changes happening at the top of automotive supplier Forvia (Nanterre, France; www.forvia.com). Martin Fischer is set to take over the position of CEO on 1 March 2025. The plan is for him to succeed Patrick Koller, who will remain a member of the executive board until the end of his mandate on 28 May. At the annual general meeting in May, the board of directors will recommend that shareholders confirm Fischer’s appointment to the executive committee.

Appointed deputy CEO on 6 December 2024, Fischer took on the role to support a smooth transition, according to Forvia. With over 25 years of experience in the global automotive industry, Fischer served as a member of the ZF Group management board until October. His career includes senior roles at Hella, BorgWarner, and Siemens VDO.

Related: Forvia unveils plans to slash up to 10,000 jobs in Europe

Forvia generated turnover of EUR 6.36 bn in the third quarter of 2024. This was 2.6% less than a year earlier. At the end of September, the company had already lowered its revenue forecast for the year as a whole to between EUR 26.8 bn and EUR 27.2 bn. It had previously expected sales of between EUR 27.5 bn and EUR 28.5 bn. The expectations for the operating margin were also revised downwards – from 5.6%-6.4%, to 5%-5.3%.