TRATON GROUP Extends Executive Board Contracts to Maintain Strategic Continuity

The Supervisory Board of 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 as the company continues its transformation journey in the competitive transportation industry.

Dr. Michael Jackstein will maintain his dual role as Chief Financial Officer and Chief Human Resources Officer of the TRATON GROUP, bringing his financial expertise and human resources leadership to the organization's ongoing strategic initiatives. His continued presence provides stability in financial management and organizational development during a period of significant industry transformation.

Catharina Modahl Nilsson's contract extension as Head of Product Management signals the company's commitment to maintaining strong product development leadership. Her role is crucial in overseeing the product portfolios across TRATON's brand portfolio, which includes Scania, MAN, International, and Volkswagen Truck & Bus. The product management function is essential for driving innovation in trucks, buses, and light-duty commercial vehicles as the industry evolves toward more sustainable transportation solutions.

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 confidence in the current leadership team's ability to execute the company's strategic vision and maintain momentum in a rapidly changing commercial vehicle market.

The leadership continuity comes at a critical time for the commercial vehicle industry, which is undergoing significant transformation toward electrification, digitalization, and sustainable transportation solutions. TRATON GROUP's mission statement, "Transforming Transportation Together. For a sustainable world," underscores the company's ambition to have a lasting impact on both the commercial vehicle business and the Group's commercial growth. More information about the company's initiatives can be found at https://www.traton.com.

These contract extensions provide assurance to stakeholders, including investors, employees, and business partners, about the stability of TRATON GROUP's leadership during a period of industry-wide change. The decision to extend contracts ahead of schedule reflects the Supervisory Board's confidence in the current executive team's ability to navigate the challenges and opportunities presented by the evolving transportation landscape while maintaining focus on sustainable growth and innovation.