MAN Diesel Becomes a European Company

Friday, September 01, 2006
The conversion of MAN B&W Diesel AG into a European Company (Societas Europaea, or SE for short) has been successfully concluded. At the same time the company will change its name into MAN Diesel SE, headquartered in Augsburg, Germany. By adopting SE status, the Executive Board intends to make the Diesel Engine Division of the MAN Group an even more international player showing a single face to the customer.

At the same time, in order to better organize the working of its committees, the Supervisory Board , which is made up of an international team headed by Håkan Samuelsson, has been reduced from twelve to ten members, The Supervisory Board’s parity structure between the capital and the employee side will remain unchanged. Employee co-determination will be organised on a cross-border basis in future, too. At the end of April 2006, MAN Diesel was the first German company that, as part of the establishment of the SE, concluded an agreement with employee representatives from its European locations covering the formation of an SE works council. This committee is responsible for pan-European questions and its composition will also be international.

The legal status of SE will also enable the MAN Diesel Group to integrate its European sites more strongly. This goal of stronger integration is also the reason behind the decision to rename the company. The focus in future will lie on “MAN”, and the name MAN Diesel will highlight the importance of Diesel Engines.

Product brands will be introduced in addition to the company name. Accordingly, products from the MAN Diesel Group will in future be offered under the following brand names: MAN Diesel > Four-stroke engines, turbochargers MAN B&W > Two-stroke engines MAN Diesel PrimeServ > After-sales service

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BAE Systems to Expand San Diego Shipyard

BAE Systems announced it will invest approximately $100 million to expand drydocking capabilities at its San Diego shipyard.   The investment, which will include

TDDCL Seeks Input for New Repair Yard

Trinidad Dry Dock Company to develop new ship repair yard at Port of Spain; company requests Expressions of Interest for Environmental Impact Assessment and Geotechnical

NORDEN CEO: Bulk Market Challenges to Continue

Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions

Navigation

Shipping Season Opens on the Mississippi

First tow marks unofficial opening to Mississippi River navigation season   M/V New Dawn arrived at Lock and Dam 2 near Hastings, Minn. Wednesday morning, marking

Garamendi Introduces Bipartisan GPS Backup Bill

Congressman John Garamendi (D-Fairfield, CA), the Ranking Member of the House Transportation and Infrastructure Subcommittee on the Coast Guard and Maritime Transportation,

Lack of Ship Definition is a Threat to Investors

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1367 sec (7 req/sec)