After its Supervisory Board meeting on Wednesday, May 4, MTU Aero Engines AG (MTU) has announced that its CEO, Reiner Winkler, will be stepping down and leaving the company, for personal reasons, at the end of the year.
“After more than twenty years in the management board of MTU, I now see the time has come to pass on my responsibilities. The company's expected new growth phase and the excellent succession plan at the top of both the Supervisory and the Management Board appear to be a very suitable point in time. I am extremely thankful that I was allowed to help shape the successful development of MTU over such a long period of time.”
Winkler had been on the management board of the company for over twenty years and his appointment as CEO was due to end on September 30, 2024. Lars Wagner, the current MTU COO, has been unanimously chosen by the Board to take the helm as of January 1, 2023.
Klaus Eberhardt will retire as Chairman of the Supervisory Board of MTU Aero Engines with the Annual General Meeting on May 5, 2022. Gordon Riske has been proposed as his successor and he has already accompanied the selection process for the CEO position. In the coming months, Riske and the further members of the Supervisory Board will shape the search for a female board member as a replacement for the vacant Executive Board position as well as help design the exact division of responsibilities at the Executive Board. According to legal requirements, a woman shall be nominated as the fourth member of MTU's Executive Board.
MTU is Germany's leading engine manufacturer and is a technological leader in low-pressure turbines, high-pressure compressors, turbine centre 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% of today's active aircraft in service worldwide have MTU components on board.
