Frank Rehfeld

Frank Rehfeld is the CEO of Lem, a leading manufacturer of sensors for the automotive and electrical industries. Under his leadership, Lem expanded its production significantly in China, where approximately half of its workforce is based. This strategic move provided the company with substantial cost advantages and strong margins for many years. However, Rehfeld has recently acknowledged the increasing competition from Chinese firms, which has intensified the market dynamics and led to a significant decline in profit margins. As the company navigates these challenges, it faces pressure from investors concerned about its competitive position in the face of growing Chinese competition.