MAN Truck Division Head Steps Down

Germany's MAN SE said Monday that the head of its truck division has decided to step down in a move meant to ease a managerial fresh start.

BERLIN (AP) -- Germany's MAN SE said Monday that the head of its truck division has decided to step down in a move meant to ease a managerial fresh start.

Anton Weinmann, the chief executive of the MAN Nutzfahrzeuge AG unit, is leaving that post and his position on MAN's management board immediately at his own request, a company statement said.

"The well-being of the company is my primary focus," Weinmann said in the statement. "This has led me to the conviction that I will back MAN's fresh start on the management level."

The statement did not refer to a corruption investigation at the company.

Munich prosecutors in May launched an investigation of alleged bribery, saying they suspected that a "system to boost sales of trucks and buses" was in place in Germany.

Weinmann's is the third high-profile departure in a week. There was no immediate word on his successor.

Last Monday, MAN announced the departure of its CEO, Hakan Samuelsson. That was followed by the resignation of chief financial officer Karlheinz Hornung, who said his departure was unrelated to the corruption investigation.

More in Home