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Supervisory Board of MTU Aero Engines resolves to extend contracts of Peter Kameritsch and Lars Wagner

Munich, March 17, 2020 – The Supervisory Board of MTU Aero Engines AG has extended the contracts of two of its Executive Board members – Peter Kameritsch, CFO and CIO, and Lars Wagner, COO – by five years through December 2025. The resolution was passed unanimously at today’s Supervisory Board meeting. “We are pleased to be able to continue our very good and successful working relationship with Peter Kameritsch and Lars Wagner,” said Klaus Eberhardt, Chairman of the Supervisory Board.

Peter Kameritsch has been a member of the MTU Executive Board since January 2018, with responsibility for finance and IT. He holds degrees in business administration (Diplom-Kaufmann) and physics (Diplom-Physiker) and has been with MTU Aero Engines since 1999.

Lars Wagner, who has a degree in mechanical engineering (Diplom-Maschinenbauer) and an MBA, has been a member of the Executive Board and the company’s COO since January 2018. He has been with MTU Aero Engines since 2015.

Contact

Eckhard Zanger
Senior Vice President Corporate Communications and Public Affairs
Phone: +49 89 1489 9113
Cell: +49 (0) 176 100 06 158
eckhard.zanger@mtu.de
Phone: +49 89 1489 9113
Cell: +49 (0) 176 100 06 158
eckhard.zanger@mtu.de
Eva Simon
Press Officer Finance
Phone: +49 (0)89 1489 4332
Cell: +49 (0) 176 100 841 62
eva.simon@mtu.de
Phone: +49 (0)89 1489 4332
Cell: +49 (0) 176 100 841 62
eva.simon@mtu.de
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About MTU Aero Engines

MTU Aero Engines AG is Germany's leading engine manufacturer. The company is a technological leader in low-pressure turbines, high-pressure compressors, turbine center frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30 percent of today’s active aircraft in service worldwide have MTU components on board. In the commercial maintenance sector the company ranks among the top 5 service providers for commercial aircraft engines and industrial gas turbines. The activities are combined under the roof of MTU Maintenance. In the military arena, MTU Aero Engines is Germany's industrial lead company for practically all engines operated by the country's military. MTU operates a network of locations around the globe; Munich is home to its corporate headquarters. In fiscal 2018, the company had a workforce of some 10,000 employees and posted consolidated sales of approximately 4.6 billion euros.