MTU Aero Engines AG (0FC9.IL)

230.90 +4.65 (+2.06%) As of 09:47AM BST. Market open.

MTU Aero Engines AG

Dachauer Strasse 665
Munich 80995
Germany
49 89 1489 0
https://www.mtu.de

Sector(s): Industrials
Industry: Aerospace & Defense
Full-time employees: 11,823

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Lars Wagner	CEO, Chief Sustainability Officer & Member of Exec. Board	1.72M	N/A	1975
Mr. Peter Kameritsch	CFO, Chief Information Officer & Member of the Exec. Board	1.55M	N/A	1969
Mr. Michael Schreyogg	Chief Program Officer & Member of the Exec. Board	1.55M	N/A	1966
Dr. Silke Maurer	COO & Member of Exec. Board	N/A	N/A	1972
Mr. Thomas Franz	VP of Investor Relations	N/A	N/A	N/A
Mr. Eckhard Zanger	Sr. VP of Communications & Public Affairs	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

MTU Aero Engines AG, together with its subsidiaries, develops, manufactures, markets, and maintains commercial and military aircraft engines, and aero derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments, Commercial and Military Engine Business; and Commercial Maintenance Business. The company offers commercial aircraft engines for wide body jets, narrow body and regional jets, business jets, and turboprops; military aircraft engines for fighter aircraft, helicopters, and transport aircraft; and industrial gas turbines. It also maintains, repairs, and overhauls commercial and military engines; and manufactures and markets various brush seals. The company was formerly known as MTU Aero Engines Holding AG and changed its name to MTU Aero Engines AG in May 2013. MTU Aero Engines AG was founded in 1913 and is headquartered in Munich, Germany.

Corporate governance

MTU Aero Engines AG’s ISS governance QualityScore as of 1 October 2023 is 4. The pillar scores are Audit: 5; Board: 7; Shareholder rights: 1; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.