Supervisory Board of MTU Aero Engines AG decides to streamline management structure

Dr. Stefan Weingartner, Member of the Executive Board of MTU Aero Engines AG and President MTU Maintenance, will leave the company on his own request in order to take on a new professional challenge. Against this background, the Supervisory Board of MTU Aero Engines AG has decided in its meeting today to reduce the Management Board to three Members. The tasks of Weingartner – who will accompany and support the change process – will be transferred to the other Board functions. The responsibility for the locations of MTU Maintenance will be combined in the leadership of Dr. Rainer Martens as Chief Operating Officer. Sales and Marketing of MTU Maintenance will be integrated in the Board function of Programs headed by Michael Schreyoegg. The new structure will become effective at the beginning of 2015.