MAN SE Chief Executive Georg Pachta-Reyhofen will leave his post at the end of September as Volkswagen presses ahead with a reorganisation of its truck making divisions to boost profitability. Europe's largest carmaker revealed plans in May to carry out a long-desired merger between its two heavy-duty commercial truck brands MAN and Scania to save money from overlaps between the two former rivals.
Pachta-Reyhofen, who has been head of MAN since January 2010, will be replaced by Joachim Drees, a former Daimler manager who runs MAN's trucks division, MAN said on September 09, confirming a Reuters story.
MAN's supervisory board also appointed Jan-Henrik Lafrentz, an expert at MAN's truck and bus division for finance, IT and legal matters as the overall company's new finance chief.
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