TRATON GROUP Extends Executive Board Contracts in Strategic Leadership Move

The Supervisory Board of the TRATON GROUP has made significant personnel decisions by extending the Executive Board contracts of Dr. Michael Jackstein and Catharina Modahl Nilsson ahead of schedule. This strategic move ensures continuity in leadership for one of the world's leading commercial vehicle manufacturers. Dr. Michael Jackstein will continue serving as Chief Financial Officer and Chief Human Resources Officer of the TRATON GROUP, while Catharina Modahl Nilsson maintains her position as Head of Product Management.

Hans Dieter Pötsch, Chairman of the Supervisory Board of TRATON SE, emphasized the importance of these extensions, stating that the decision was made to continue driving the path the company has embarked on. The early contract renewals demonstrate the Supervisory Board's confidence in both executives' leadership capabilities and their contributions to the company's strategic objectives. This personnel stability comes at a crucial time for the commercial vehicle industry, which is undergoing significant transformation toward sustainable transportation solutions.

The TRATON GROUP, with its brands Scania, MAN, International, and Volkswagen Truck & Bus, represents a major force in global commercial vehicle manufacturing. The company's product portfolio includes trucks, buses, and light-duty commercial vehicles, positioning it at the forefront of the industry's evolution. The leadership continuity provided by these contract extensions supports the company's stated ambition of "Transforming Transportation Together. For a sustainable world," underscoring its commitment to lasting and sustainable impact on both the commercial vehicle business and the Group's commercial growth.

These personnel decisions reflect the TRATON GROUP's strategic approach to maintaining experienced leadership during a period of industry-wide transformation. The extensions of both Dr. Jackstein and Modahl Nilsson's contracts ahead of their scheduled expiration dates indicates strong internal support for their performance and the current strategic direction. For more information about the company and its leadership, visit https://www.traton.com. The original announcement can be viewed at https://www.newmediawire.com, providing additional context about these important leadership decisions.