Hannequin is currently CFO of the British JCB Group.
Schaeffler also named Thomas Stierle from Vitesco Technologies as head of its new E-Mobility division.
This comes ahead of Schaeffler's planned merger with Vitesco Technologies on October 1.
On Thursday, CEO Klaus Rosenfeld told German media that Schaeffler will implementjob cuts after the merger.
The two companies agreed to the takeover last November, with Schaeffler aiming to increase its focus on electric vehicle parts.
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