Levine, president of Scania, will drive a Volkswagen truck carrying a Traton in the future
Volkswagen has consolidated its commercial vehicle subsidiaries under the group’s subsidiary Traton. After the IPO and the acquisition of the American manufacturer Navistar, a change in president is pending. He is not the only person in Munich.
NSünchen (dpa) – The rear seats of Volkswagen truck company Traton: Former boss Matthias Gründler will leave early this week and will be replaced by former driver of Swedish truck manufacturer Scania, Christian Levin. Traton’s supervisory board chairman, Hans-Dieter Buch, said Wednesday night that the 54-year-old Levine was a solid manager. “He has my full support in shaping the path to increased profitability and growth.”
In addition to Gründler, CFO Christian Schulz will leave Traton by mutual agreement, the Munich-based company announced. He will be replaced by Annette Danilsky, who previously headed corporate finance at Traton and therefore worked under Chief Financial Officer. Levine also remains president of Scania. He and Daniilsky, 56, are set to take over their new position at Tratton on Friday.
The Traton is listed on the stock exchange, but is majority-owned by the Volkswagen Group, which includes truck brands such as Scania, MAN and US manufacturer Navistar under the Munich-based company’s umbrella. Under Gründler’s leadership, Traton last year agreed to acquire Navistar, a competitor to Daimler’s Freightliner. His fellow board member, Schulze, played a significant role in Traton’s 2019 initial public offering. Grundler has now stated that the “world champion” strategy has been implemented faster than expected. “The task now is to lead Traton to a sustainable future that transcends traditional business models and ways of thinking.”
Future Traton president Levine has announced that he will present a comprehensive plan by the end of the year, including the trend toward electric vehicles, the integration of Navistar and more investment in China. In addition, more funds will have to be saved through the module. VW Group also follows this strategy for passenger cars. New CFO Danilsky also stated that one of her first tasks will be the full integration of Navistar.
The struggling subsidiary MAN will likely remain a construction site for managers: the company’s location to build electric cars will be shifted. 3,500 jobs will be cut in Germany.
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