TRATON GROUP Extends Executive Board Contracts to Maintain Strategic Continuity

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 during a critical period of transformation in the commercial vehicle industry. Dr. Michael Jackstein will maintain his dual roles as Chief Financial Officer and Chief Human Resources Officer, while Catharina Modahl Nilsson continues as Head of Product Management, both positions being crucial for the company's operational and strategic direction.

Hans Dieter Pötsch, Chairman of the Supervisory Board of TRATON SE, emphasized the importance of this decision, stating that extending these contracts supports the company's ongoing strategic path. The early contract extensions signal confidence in the current leadership team's ability to drive the company forward during a period of significant industry change. This stability in executive leadership comes at a time when the commercial vehicle sector faces substantial challenges and opportunities related to sustainability, digitalization, and global market dynamics.

The TRATON GROUP, as one of the world's leading commercial vehicle manufacturers, operates through its brands Scania, MAN, International, and Volkswagen Truck & Bus. The company's product portfolio includes trucks, buses, and light-duty commercial vehicles, positioning it at the forefront of transportation solutions. The leadership continuity ensures that the company can maintain momentum in pursuing its stated ambition of "Transforming Transportation Together. For a sustainable world," which underscores its commitment to having a lasting impact on both the commercial vehicle business and the Group's commercial growth.

This personnel decision reflects the Supervisory Board's confidence in the current strategic direction and the executive team's ability to navigate the evolving commercial vehicle landscape. The extended contracts provide stability during a period when the industry is undergoing significant technological transformation, including the shift toward electric and autonomous vehicles. The leadership continuity also supports the company's investor relations efforts, as demonstrated by the contact information provided for Ursula Querette and Thomas Paschen, who serve as key points of contact for investor inquiries at TRATON SE.

The contract extensions come at a crucial time for the commercial vehicle industry, which faces increasing regulatory pressure regarding emissions and sustainability standards. Maintaining experienced leadership in both financial management and product development positions the TRATON GROUP to effectively address these challenges while capitalizing on emerging opportunities in sustainable transportation. The decision to extend these contracts ahead of their scheduled expiration demonstrates the Supervisory Board's proactive approach to talent management and strategic planning.