MTU Aero Engines AG (MTUAY)

113.24 +0.11 (+0.10%) At close: 02:54PM EDT

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: 12,170

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Lars Wagner	CEO, Chief Sustainability Officer & Member of Executive Board	2.05M	N/A	1975
Mr. Peter Kameritsch	CFO, Chief Information Officer & Member of the Executive Board	1.1M	N/A	1969
Dr. Silke Maurer	COO & Member of Executive Board	1.27M	N/A	1972
Mr. Michael Schreyogg	Chief Program Officer & Member of the Executive Board	1.65M	N/A	1966
Mr. Thomas Franz	Vice President of Investor Relations	N/A	N/A	N/A
Marc Sauber	Senior Vice President of Corporate Communication & Public Affairs	N/A	N/A	N/A

Amounts are as of 31 December 2023, 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 USD.

Description

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of 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: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO 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 jets, helicopters, and transporters; and industrial gas turbines. It also maintains, repairs, and overhauls commercial and military engines; and manufactures and markets various spare parts. 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 April 2024 is 2. The pillar scores are Audit: 6; Board: 4; 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.