FRANKFURT Feb 18 German truck maker MAN SE
said Chief Financial Officer Frank Lutz is leaving the
company with immediate effect, before the group becomes fully
integrated into Volkswagen.
"He has come to an understanding with the supervisory board
to terminate his contract by mutual agreement with immediate
effect," MAN said in a statement on Monday.
Volkswagen is seeking an agreement to give it full strategic
and financial control over the truck maker.
Lutz's responsibilities will be assumed by Chief Executive
Georg Pachta-Reyhofen, MAN said.
Lutz has been CFO since 2009.
(Reporting by Victoria Bryan; Editing by Alison Birrane)