MTU Aero Engines shares fall as CEO to leave in 2025

MTU Aero Engines AG

31/10/2024 07:05

** Shares in MTU Aero Engines  MTXGn.DE  fall 2.6% in Lang &
Schwarz pre-market trade after the German engine manufacturer
announced on Wednesday CEO Lars Wagner will leave the company
when his contract expires on Dec.31, 2025
    ** "Of course, not positive, but still more than a year to
go... Nonetheless, shares lost 10 euros after hours as chart
looks vulnerable," a local trader says
    ** The company said that its supervisory board will address
the succession in the near future
    ** The stock, which has gained 56.7% YTD, is seen at the
bottom of the Germany's blue-chip index  .GDAXI 

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))