The CEO of MAN SE, Georg Pachta-Reyhofen, will quit his position at the end of September as Volkswagen pushes for a reorganization of its truck making divisions in order to increase profits.
Volkswagen has announced back in May that it plans to create a long-desired merger between its two heavy-duty commercial truck makers, MAN and Scania, in order to save money from possible overlaps between them.
Pachta-Reyhofen has been the head of MAN since 2010, and will be replaced by Joachim Drees, who is a former Daimler manager now running MAN’s trucks division, confirming previous inquiries from Reuters.
The new finance chief of MAN will be Jan-Henrik Lafren, who is a finance expert at MAN’s truck and bus division, and was appointed by the MAN’s supervisory board.
Andrea Renschler, Volkswagen trucks’ chief, said that “I am pleased that we have been able to appoint a very experienced and dynamic man as CEO.” The main management board of MAN, which also produces diesel engines an turbines, will be made up of solely three executives: Drees, Lafrenz and human resourced head, Josef Schelcshorn.
Besides Volkswagen’s plans to increase truck making profits, the new management team and the supervisory board will come with a strategy by the end of 2015 for MAN and Scania, according to a source familiar with the matter.
Moreover, two separate sources said that VW might not have finished yet with the change of managers at MAN, saying that Bernd Maierhofer, the chief of R&D at the truck and bus division, will soon be laid off.
The restructuring process at MAN began back in June when the brand announced it would cut 1,800 jobs at the truck division, as part of a bigger production reshuffle in Germany, Austria and Poland.