Jörg Astalosch appointed Chief Financial Officer of MAN Truck & Bus AG

The Supervisory Board of MAN Truck & Bus AG has appointed Jörg Astalosch as Chief Financial Officer (CFO). He is to take over Karl Gadesmann’s responsibilities as of January 1, 2012.

Jörg Astalosch joins the Executive Board of MAN Truck & Bus AG from AUDI AG. Astalosch is a qualified electronics engineer with a degree in engineering from a university of applied sciences. The 39-year-old worked for Volkswagen AG in Wolfsburg and Austria from 1995 onwards, during which time he obtained a degree in industrial engineering from a university of applied sciences as well as an MBA. From 2004, he worked for AUDI AG in the USA and in Ingolstadt. From 1999 to 2004 and 2007 to 2011, he worked for Professor Dr. Ferdinand K. Piëch, most recently in the support team for the Chairman of the Volkswagen AG and MAN SE Supervisory Boards.

“The Supervisory Board would like to thank Karl Gadesmann for his successful work as CFO. In his position as CFO, he has been a powerful force in our ability to compete and our future course on our international markets,” said Rupert Stadler, Chairman of the Supervisory Board of MAN Truck & Bus AG.

Dr. Georg Pachta-Reyhofen, Chief Executive Officer of MAN SE and of MAN Truck & Bus AG said: “We would especially like to thank Mr. Gadesmann for his successful performance. We are extremely pleased to have quickly gained a recognized expert for this position in Jörg Astalosch, who is well-acquainted with the Group and further strengthens our Executive Board team at MAN Truck & Bus.”