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MANG - MTU Aero Engines Holding AG: Stefan Weingartner to become MTU's new President and CEO, Commercial Maintenance

Company: MTU Aero Engines AG Date: 2007-10-18 Language: English Register to download

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 News Details

Corporate | 18 October 2007 17:44

#   

MTU Aero Engines Holding AG: Stefan Weingartner to become MTU’s new President and CEO, Commercial Maintenance

**MTU Aero Engines Holding AG / Change of Personnel**

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------

• Bernd Kessler will leave the company at the end of October

Munich, October 18, 2007 – Dr. Stefan Weingartner (46) will become MTU Aero
Engines' new President and CEO, Commercial Maintenance, effective November
1, 2007. MTU's Supervisory Board nominated him to the position in a meeting
held in the evening of October 18, 2007. Weingartner succeeds Bernd
Kessler, who will join Switzerland-based aircraft maintenance, repair and
overhaul company SR Technics to become its CEO.

Weingartner has been serving as MTU's Senior Vice President, Defence
Programmes since 2002, being responsible for all of the company's
government business, including its activities in the engine programs for
the Eurofighter/Typhoon, the Airbus A400M military transport, the Tiger
helicopter and other aircraft. In this role, he has also been in charge of
MTU's military repair and overhaul business. Weingartner, who holds a
doctorate degree in Engineering and an MBA, has been involved in the
aerospace industry for 18 years. At former DaimlerChrysler Aerospace, he
for several years headed the company's North Asia operations, including the
sales and marketing activities, before he was appointed President of newly
established EADS Japan Co., Ltd.

MTU's Supervisory Board Chairman Johannes P. Huth said: 'With the extensive
senior management experience Stefan Weingartner has gained in the aviation
industry, he combines all the skills it takes to fulfil this role
successfully. He has international experience and a keen customer focus,
and is thoroughly familiar with MTU's markets, products, and services. I'd
like to thank Bernd Kessler for his three years of service to MTU. During
his tenure, he has put the commercial maintenance business on a growth
track.'

MTU Aero Engines is Germany's leading  engine manufacturer and ranks among
the major players in the business. It operates affiliates in all
significant markets and regions. In the commercial area, the company is the
world's leading independent provider of engine maintenance services. In the
military arena, MTU is the industrial lead company for practically all
engines flown by the country's armed forces and an important partner in
major European engine programs. Having carved out leading positions in
engine technologies, the company excels in high-pressure compressors,
low-pressure turbines, engine control units, as well as manufacturing and
repair techniques.




Contact for media representatives:
Eckhard Zanger 
Senior Vice President Corporate Communications
and Investor Relations
Tel.: + 49 89 14 89-91 13  
Fax: + 49 89 14 89-21 72

Contact for investors and analysts:
Inka Koljonen 
Director Investor Relations 
Tel.: + 49 89 14 89-83 13 
Fax: + 49 89 14 89-9 50 62



18.10.2007  Financial News transmitted by DGAP
----------------------------------------------------------------------
 
Language:     English
Issuer:       MTU Aero Engines Holding AG
              Dachauer Straße 665
              80995 München
              Deutschland
Phone:        +49 (0)89  14 89-8313
Fax:          +49 (0)89  14 89-95062
E-mail:       Inka.Koljonen@muc.mtu.de
Internet:     www.mtu.de
ISIN:         DE000A0D9PT0
WKN:          A0D9PT
Indices:      MDAX
Listed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
              Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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