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MTU Aero Engines AG Announces New CEO Appointment

Stock price chart of MTU Aero Engines Holding AG (EBR:MTX) showing fluctuations.

MTU Aero Engines AG has announced the appointment of Dr. Johannes Bussmann as its new Chief Executive Officer. This decision was made during a supervisory board meeting held on December 17, 2024, in response to the current CEO Lars Wagner's decision not to extend his tenure beyond December 31, 2025.

Dr. Bussmann is expected to take over the role shortly, ensuring a smooth transition. This change in leadership comes as MTU Aero Engines continues to be a major player in the aviation industry, involved in the manufacturing and maintenance of aircraft engines worldwide.

The company, based in Munich, Germany, employs over 12,000 people and reported consolidated sales of 6.3 billion euros in 2023. MTU Aero Engines is well-regarded for its technological advancements in engine components and maintenance services.

R. H.

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