Reinert Joins MAN B&W Board

Large engine manufacturer MAN B&W Diesel AG of Augsburg is expanding its Executive Board. The company’s Supervisory Board has appointed Tage Reinert as a member of the Executive Board responsible for controlling. The 48 year-old Dane will take up this position in the MAN B&W Diesel Group by 1 September 2005 at the latest. The other members of the company’s Executive Board include the Chairman of the Executive Board of MAN AG, Håkan Samuelsson, who serves as working chairman, Fritz Pape as deputy chairman, Dr. Stefan Spindler, Dr. Peter Sunn Pedersen and Dr. Stephan Timmermann. Tage Reinert comes to the company from the Danish mobile telephone operator Sonofon in Copenhagen, where he served as Executive Vice-President and CFO from 1999 and more recently held the position of Acting Chief Executive Officer (CEO) for a period of one year. Tage Reinert studied at the Aarhus Business School in Denmark, began his professional career as an Accountant at Arthur Andersen and became a State Authorized Public Accountant. He went on to hold various top management positions in finance at Danske Trælast and Nilfisk-Advance in Denmark. Tage Reinert is married and has three children.