Traton Extends CEO Contract for Five More Years

By Joshua Kirby

Traton SE boss Christian Levin will stay on for an additional five years, the truck maker said Monday, as part of a board reinforcement that will also see a new executive position to lead global product management.

Mr. Levin's appointment is now extended to January 2029, Traton said. He has been CEO of the German firm, which is majority owned by Volkswagen AG, since October 2021, and serves the same role at Traton's Swedish subsidiary Scania.

Traton said it has also created a new role of global product management chief, with Catharina Modahl Nilsson to serve in the position on the executive board from April 1.

Ms. Modahl Nilsson is currently head of group management, Traton said.

The new role will help coordinate the group's four brands and their functions, the company said.

Traton said it has also extended the contract of Antonio Roberto Cortes on the executive board for three years to January 2027. Mr. Cortes serves as CEO of Brazil's Volkswagen Truck & Bus, another subsidiary of the German automotive giant.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

March 20, 2023 09:40 ET (13:40 GMT)

Traton (TG:8TRA)
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