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May 22, 2015 8:48 AM ET

Machinery

Company Overview of MAN Truck & Bus AG

Company Overview

MAN Truck & Bus AG manufactures and sells trucks, heavy special-purpose vehicles, city buses and coaches, intercity buses and coaches, and diesel and natural-gas engines. It offers interurban coaches and city buses; trucks and buses that are used in areas, such as commercial vehicles from other manufacturers, for power generation in cogeneration plants, and as drive units in agricultural machinery, rail vehicles, ships and boats, and special-purpose vehicles. The company also provides chassis and tipper trucks for the construction industry; semitrailer tractors for long-haul transport; and products for heavy-duty and building site traffic, short-haul, and distribution transport. In addition,...

Dachauer Straße 667

Munich,  80995

Germany

Founded in 1915

Phone:

49 89 15 80 0

Fax:

49 89 150 39 72

Key Executives for MAN Truck & Bus AG

Chief Executive Officer
Age: 50
Chief Human Resources Officer, Director of Human Resources & Labour Relations and Member of Management Board
Age: 66
Executive Board Member for Finance, It & Legal Affairs
Age: 47
Head of Media Relations and Issue Management
Chief Technology Officer and Member of Management Board
Compensation as of Fiscal Year 2014.

MAN Truck & Bus AG Key Developments

Tallinn buying 44 New MAN, Volvo buses for EUR 12 Million

The City of Tallinn public transport company TLT is about to buy 44 brand new buses from MAN and Volvo for altogether EUR 12 million. The suppliers of the buses were selected in two separate tenders, one of which was for the supply of 20 brand new diesel powered city buses, won by MAN Truck & Bus AG, and the other for the supply of 24 diesel electric hybrid city buses, won by Volvo Bus Corporation. The 44 buses will cost altogether EUR 12 million and their purchase will be financed with a loan or by means of financial lease.

MAN Truck & Bus Reports Sales Results for the First Quarter of 2015

MAN Truck & Bus reported sales results for the first quarter of 2015. For the quarter, the company reported sales revenue rose by 13% to EUR 2.0 billion.

MAN SE Appoints Joachim Drees as Chief Executive Officer of MAN Truck & Bus AG, Effective April 1, 2015

MAN SE announced it has appointed former Daimler manager Joachim Drees as head of its division MAN Truck & Bus AG with effect from April. Drees, who spent ten years at Daimler, will take over from Anders Nielsen, who moves over to MAN's parent company Volkswagen, where he will be in charge of business development at its commercial-vehicle division. The Supervisory Board of MAN Truck & Bus AG has appointed Joachim Drees as Chief Executive Officer (CEO) of the Munich commercial vehicle manufacturer. Mr. Drees (50) will assume executive responsibility from Anders Nielsen on April 1, 2015, who will be responsible for Business Development in the commercial vehicles division at Volkswagen AG in future. In addition, the Supervisory Board has decided to extend the contract of 50-year-old Heinz Jurgen Low as Director of Sales & Marketing until 2021. Until recently, Joachim Drees was Chief Financial Officer of Drees & Sommer AG, Stuttgart. He was previously partner in a British investment company in London. As of April 1, 2015 he will be CEO of MAN Truck & Bus AG.

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