Changes to the Executive Board of MAN Ferrostaal

09.11.2006 -

Helmut Julius, the member of the Executive Board of MAN Ferrostaal AG in charge of Supply Chain Solutions, will retire at the end of 2006. From Januar 2007, Mr. Julius' duties will be taken over by Dr. Klaus Lesker (46), who has been the Executive Board member for Services since May 2006.

Mr. Julius, who was born on 14th November 1944 in Erzhütte, joined MAN Ferrostaal in 1961 and began to take on management responsibilities in 1970. In 1988 he was appointed deputy member of the Executive Board of MAN Ferrostaal AG and became a full member in 1991.

Helmut Julius has greatly expanded the steel logistics division of MAN Ferrostaal and made an enormous contribution to the shape and character of the business. Dr. Matthias Mitscherlich, Chairman of the Executive Board of MAN Ferrostaal and member of the Executive Board of MAN AG, recognized Julius' work on behalf of the company, "Helmut Julius has rendered our company an outstanding service. With a high level of personal dedication, commitment and a sense of continuity, he has made the steel division into an international business."

The company plans to strengthen the steel division by means of a partnership with another company from this sector. Helmut Julius will also be responsible for monitoring the reorganisation and reorientation of this division until the end of December and after that he will assume an advisory role.

Michael Beck new Executive Board member for Finance. With effect from 1st January 2007, Michael Beck, until recently the Head of the Central Sales and Marketing Division of MAN Nutzfahrzeuge in Munich, will join the Executive Board of MAN Ferrostaal AG and, from 1st March 2007, will be responsible for Finance and Controlling. Mr. Beck will succeed Jens Gesinn, who is intending to retire in 2007.

Before joining the MAN Group, Mr. Beck held various management positions, including with the Treuhandanstalt, Arthur Andersen and the Kirch Group. In 2001, Mr. Beck came to MAN Nutzfahrzeuge, initially as the Head of Controlling for its sales companies, joining MAN in Austria in 2003 as its Commercial Director.

During the course of 2007, Jens Gesinn will leave the Executive Board of MAN Ferrostaal. Mr. Gesinn, who was born on 7th December 1944 in Markt Mömbris, Franconia, studied Economic Engineering in Berlin and trained as a tax consultant and chartered accountant. After 13 years as an Audit Manager at Deutsche Warentreuhand, in 1987 he joined Leitz Holding in Switzerland as Head of Corporate Controlling and Financial Management Sales, moving to DSD Dillinger Stahlbau GmbH in 1991, initially as the Deputy Financial Director and later as the Managing Director for Finance. Mr. Gesinn has been a member of the Executive Board of MAN Ferrostaal AG since 1997 and has made a major contribution to the company in this position. Mr. Mitscherlich recognized Mr. Gesinn as an outstanding specialist, who has played a major role in the financial success of MAN Ferrostaal, because of his clear vision and vast expertise.

About MAN Ferrostaal AG:

MAN Ferrostaal is a worldwide supplier of industrial services for the construction of large-scale industrial plants and machine supply. As a general contractor for plant construction, the company offers project development, project management and financing solutions for turnkey plants in the areas of solar thermal power plants as well as biofuels, petrochemical and industrial plants. In ccoperation with manufacturers of machines and production lines, MAN Ferrostaal offers sales and services in the areas of automotive industries, print and packaging, piping, ships and transport solutions. With 4,200 employees MAN Ferrostaal is represented in more than 60 countries. The company achieved a turnover of EUR 1.4 billion in 2007.

MAN Ferrostaal is a subsidiary of MAN Aktiengesellschaft, Munich. The MAN Group is one of Europe’s leading manufacturers of engineering equipment and vehicles, generating annual sales of around EUR 16 billion. MAN supplies products, systems and services to the capital goods industry and employs approx. 55,000 people worldwide. The core areas operated by the MAN Group, Commercial Vehicles, Industrial Services, Diesel Engines and Turbomachines, all hold leading positions in their markets. MAN is a member of the DAX German Share Index, Germany’s top 30 public limited companies.