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    8TRA   DE000TRAT0N7


Real-time Estimate Quote. Real-time Estimate Tradegate - 01/19 04:00:02 pm
23.08 EUR   +1.94%
07:25aTRATON : Goldman Sachs reiterates its Neutral rating
05:57aTRATON : UBS reaffirms its Buy rating
01/18TRATON : Goldman Sachs sticks Neutral
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Changes to the Executive Board of MAN Truck & Bus SE

11/29/2021 | 10:16am EST

Arne Puls will join the MAN Executive Board as Chief Human Resources Officer and Labour Director on 1 January 2022.

* Alexander Vlaskamp to become new CEO

* Arne Puls to become Chief Human Resources Officer and Arbeitsdirektor

* Holger Mandel resigns from the Executive Board

The Supervisory Board of MAN Truck & Bus SE has resolved major changes to the commercial vehicle manufacturer's Executive Board. Alexander Vlaskamp will become the new Chief Executive Officer of MAN Truck & Bus SE. He succeeds Andreas Tostmann, who is leaving the company. It is also planned that Vlaskamp will take over responsibility for procurement from Holger Mandel on the Executive Board. Stefan Gramse will take over the operational role as Head of procurement. Arne Puls will join the Executive Board effective January 1, 2020, as Chief Human Resources Officer and Arbeitsdirektor (Executive Board member responsible for employee relations).

Vlaskamp was previously responsible for sales and marketing on the Scania Group's Executive Board. He has many years of experience in the commercial vehicle industry. Among other things, he worked for Scania in Germany and Austria as Director After-Sales (2002 to 2007) and Managing Director (2012 to 2017). Between these two roles, he was Managing Director at Scania Polska. He returned to Sweden in 2017, where he took over as Senior Vice President Sales and Marketing in the truck business. In 2020, Vlaskamp was appointed to the Scania Executive Board as Executive Vice President Sales and Marketing.

'I know MAN well, having worked on several joint projects. As well as its excellent products, I also really value the high professionalism, motivation, and commercial vehicle knowledge of its employees. MAN is a company steeped in tradition and at the same time a company undergoing radical change. Headed by Andreas Tostmann, the team initiated major changes in the past months and made sure that we can continue to focus on looking ahead in the future. We will transform MAN from a commercial vehicle manufacturer into a leading provider of intelligent and sustainable transportation solutions. I look forward to doing my part as CEO,' says Alexander Vlaskamp, who will also take over Tostmann's role on the Executive Board of TRATON SE.

Christian Levin, Chairman of the Executive Board of TRATON SE, adds: 'Alexander Vlaskamp will build on a solid foundation as the first step of the transformation at MAN has been successfully implemented. He is in a position to combine the wealth of a broad international experience with his knowledge of the efficiency of modularization and extensive product knowledge. This will not just benefit MAN Truck & Bus, but also the TRATON GROUP as a whole. Alexander Vlaskamp will ensure that MAN remains profitable in the long run. It was a pleasure to work with Andreas Tostmann. During his time at MAN Truck & Bus, he took important steps to set the course for this strong brand's future success, thus laying the foundation for the necessary transformation within the production network. With the NewMAN strategy, Andreas Tostmann also gave center stage to technologies of the future like alternative drives, digitalization, and autonomous driving. I would like to thank him and wish him all the best for the future!

I would also like to thank Holger Mandel, who is leaving the MAN Executive Board, for his great commitment to the Company, the brand, and the employees. Whether as head of the German sales region or most recently as Chief Procurement Officer, Holger Mandel has contributed to the Company's success with great dedication and represented MAN powerfully both internally and externally. He played a key role in the successful crisis management surrounding the current supply bottlenecks. I would like to thank him and wish him all the best in the future.'

Arne Puls will assume responsibility for Human Resources and take over as Arbeitsdirektor (Executive Board member responsible for employee relations) on the Executive Board of MAN Truck & Bus SE effective January 1, 2022. He succeeds Bernd Osterloh, who had assumed leadership of this function on an interim basis. Originally from Emsland, Puls studied information technology in Osnabruck before joining Volkswagen in Wolfsburg in 1998 as an IT specialist in Development Control and Production Planning. In 2001, Puls moved to Human Resources, where he held a variety of managerial roles. Among other things, he introduced a new Group-wide compensation system in his role as Head of Management Compensation. In his most recent role as Head of Group HR Management, Puls was responsible for performance and talent management across the entire Group, as well as for management compensation and principles and for global assignments.

'With Arne Puls, we have been able to gain an experienced HR-expert for MAN. His strength in cross-brand collaboration in particular will be valuable for the even closer exchange between TRATON's brands in the future and will further drive our international strategy forward,' says Christian Levin.


Stefan Klatt

Head of Corporate Communications


+49 89 1580-2001

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
TRATON SE 2.12% 23.12 Delayed Quote.2.26%
VOLKSWAGEN AG 0.62% 191.7 Delayed Quote.7.35%
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Analyst Recommendations on TRATON SE
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Sales 2021 30 001 M 34 035 M 34 035 M
Net income 2021 990 M 1 123 M 1 123 M
Net Debt 2021 12 996 M 14 743 M 14 743 M
P/E ratio 2021 11,2x
Yield 2021 2,78%
Capitalization 11 560 M 13 120 M 13 114 M
EV / Sales 2021 0,82x
EV / Sales 2022 0,65x
Nbr of Employees -
Free-Float -
Duration : Period :
Traton SE Technical Analysis Chart | 8TRA | DE000TRAT0N7 | MarketScreener
Technical analysis trends TRATON SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 23,12 €
Average target price 28,42 €
Spread / Average Target 22,9%
EPS Revisions
Managers and Directors
Christian Levin President & Chief Executive Officer
Annette Danielski Chief Financial Officer
Hans Dieter P÷tsch Chairman-Supervisory Board
Catharina Modahl-Nilsson Chief Technical Officer
Gunnar Kilian Member-Supervisory Board
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