Samuelsson did not give any reason for the decision, saying only that he would “leave at his own request”. The head of the company’s MAN Diesel SE unit, Georg Pachta-Reyhofen, was named interim CEO.
Although MAN said earlier this year that prosecutors were looking into accusations of alleged bribery to secure contracts within the company, there was no mention of the ongoing investigations into the claims of corruption. The company did add that Samuelsson hoped his decision would help the company to “quickly devote all of its attention to its core business and its further development. He is convinced that there should be a fresh start at the highest level of the company”.
MAN shares rose 3.1 percent to euro61.37 ($91.68) in late afternoon Frankfurt trading after the announcement.
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