APRIL 22, 2013 — MTU parent Tognum AG says that Executive Board Chairman and CEO Joachim Coers will, at his own request, hand over his position to his deputy Dr. Ulrich Dohle as of July 1st, 2013.

Dr. Ulrich Dohle (left) will succeed Joachim Coers (right) as Tognum chief in July

The Supervisory Board of Tognum AG regretted the decision taken by Mr. Coers and thanked him for his exceptional dedication and commitment in the past nine years. In its meeting on April 19, the Supervisory Board unanimously elected Dr. Dohle  as new Chairman of the Executive Board and CEO of Tognum AG and at the same time extended his contract to 31 December 2015.

Dr. Dohle joined the Tognum Executive Board with responsibility for Technology & Operations (CTO) in 2009, after spending many years at Robert Bosch GmbH in a variety of managerial, executive and international positions. Since 2011, he has been the Deputy Chairman of the Executive Board.

In his new position as Chairman of the Executive Board and CEO, in addition to the typical duties and responsibilities of the CEO, such as Strategy and Corporate Communications, Dr. Dohle will also be responsible for Research & Development and Quality Management, which are part of his current area of responsibility.

He will hand over his other areas of responsibility as CTO, Operations and Purchasing, to another member of the Executive Board, Jörg Schwitalla, who will then be responsible for the extended Board Division of Operations, Integrity and Personnel.

The company does not intend to appoint an additional Chief Technology Officer. The new allocation of responsibilities will subsequently result in a reduction in the size of the Tognum Executive Board from five to four board positions.

Joachim Coers joined what was then MTU Friedrichshafen in 2004. He was involved in the company's carve-out from the Daimler Group and, as managing director with responsibility for finance, prepared Tognum's IPO. He has been the Chief Financial Officer and Deputy Chairman of the Executive Board during the almost six years in which the company has been listed on the German stock exchange and Chairman of the Executive Board and CEO for the last year and a half. Since Tognum's takeover by Rolls-Royce and Daimler, he has been preparing the company for operational collaboration with the two owners.