IR-News details
Reiner Winkler to become Chief Executive Officer of MTU Aero Engines
Supervisory Board appoints current Chief Financial Officer, effective January 1, 2014
Egon Behle refers to personal life planning
Michael Schreyoegg new member of the Board of Management
Munich, April 9, 2013 – Today, the Supervisory Board of MTU Aero Engines Holding AG has appointed the current Chief Financial Officer Reiner Winkler (51) to become Chief Executive Officer (CEO), effective January 1, 2014. He succeeds Egon Behle (57), who is no longer available for a contract extension.
Behle explained: „After six years as CEO of MTU Aero Engines, I do not want to extend my contract again, but like to attend to other tasks with regards to my personal life planning. Since the market position of MTU has been clearly strengthened over the past years and a sustainable growth path has been secured, this offers now the opportunity to realign the Board of Management and to build up a younger team.”
The Chairman of the Supervisory Board, Klaus Eberhardt, said: „The Supervisory Board regrets that Egon Behle, for personal reasons, is no longer available for another period of office as CEO. We have to respect his decision. With his longstanding experience, Reiner Winkler secures the continuity in the leadership of MTU.”
In his new position as CEO, Reiner Winkler will keep his current role as Chief Financial Officer and take on additional central functions. Winkler said: “I am very pleased about the confidence expressed by the Supervisory Board and the possibility to continue the success story of MTU, together with my colleagues in the Board of Management.”
Michael Schreyoegg (46), will be newly appointed to the Board of Management, effective July 1, 2013. Currently, he is responsible for the military programs of MTU. In his new function, he will be responsible for the commercial and military OEM programs.
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About MTU Aero Engines
MTU Aero Engines, Germany’s leading engine manufacturer and the country’s only independent engine builder, is a global player in the industry. It designs, develops, manufactures, markets and supports commercial and military aircraft engines and industrial gas turbines. A technology leader, the company excels in low-pressure turbines and high-pressure compressors, as well as in manufacturing and repair techniques. MTU Maintenance is the world's largest independent provider of commercial engine maintenance, repair and overhaul services. In the military arena, MTU Aero Engines is Germany's industrial lead company for practically all engines flown by the country's armed forces. MTU has its headquarters in Munich and operates company locations around the globe. In fiscal 2012, it had a workforce of around 8,500 employees and posted consolidated sales of around 3.4 billion euros.