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    Home > Finance > German engine maker MTU Aero Engines names Johannes Bussmann as CEO
    Finance

    German engine maker MTU Aero Engines names Johannes Bussmann as CEO

    Published by Global Banking & Finance Review®

    Posted on December 17, 2024

    1 min read

    Last updated: January 27, 2026

    This image features Johannes Bussmann, the newly appointed CEO of MTU Aero Engines, succeeding Lars Wagner. His leadership comes at a critical time for the company as it navigates production challenges in the aerospace sector.
    Johannes Bussmann appointed as CEO of MTU Aero Engines - Global Banking & Finance Review
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    Quick Summary

    MTU Aero Engines appoints Johannes Bussmann as CEO, succeeding Lars Wagner, who will join Airbus in 2026. MTU forecasts significant sales and earnings growth by 2025.

    MTU Aero Engines Announces New CEO Johannes Bussmann

    (Reuters) - German engine manufacturer MTU Aero Engines named Johannes Bussmann on Tuesday to replace CEO Lars Wagner when his term ends on Dec. 31, 2025.

    Wagner informed the board in October that he will not be extending his mandate, as Airbus announced he would become head of plane-making for the world's largest aircraft manufacturer in 2026.

    Wagner, a former Airbus industrial manager, has held several MTU positions during a turbulent period dominated by a crisis in production and availability of new Geared Turbofan engines made for Airbus.

    Last month, MTU estimated 2025 sales of 8.3 billion euros ($8.71 billion) to 8.5 billion euros ($8.92 billion), and adjusted earnings before taxes to increase to the low- to mid-teen percentage range.

    ($1 = 0.9531 euros)

    (Reporting by Harshita Meenaktshi in Bengaluru; Editing by David Goodman and Richard Chang)

    Key Takeaways

    • •Johannes Bussmann to become CEO of MTU Aero Engines.
    • •Lars Wagner to join Airbus in 2026.
    • •MTU projects 2025 sales of 8.3 to 8.5 billion euros.
    • •Wagner led during a crisis in Geared Turbofan engine production.
    • •MTU expects earnings growth in low- to mid-teen percentage.

    Frequently Asked Questions about German engine maker MTU Aero Engines names Johannes Bussmann as CEO

    1What is the main topic?

    The article discusses the appointment of Johannes Bussmann as the new CEO of MTU Aero Engines, succeeding Lars Wagner.

    2Who is the current CEO of MTU Aero Engines?

    Lars Wagner is the current CEO, who will be succeeded by Johannes Bussmann by the end of 2025.

    3What are MTU Aero Engines' financial projections?

    MTU Aero Engines projects 2025 sales between 8.3 and 8.5 billion euros, with earnings growth in the low- to mid-teen percentage range.

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