Scania CEO to stay on into 2009


STOCKHOLM, July 27 (Reuters) - Scania , Europe's number four truck maker, said on Wednesday its board of directors had signed a three-year contract with Chief Executive Leif Ostling, extending his term through March 2009. Ostling has been at the helm of the Swedish vehicles firm since it became an independent corporation in 1994 after the split-up of the Saab-Scania AB group. He first joined the company in 1972. Scania is due to report second-quarter earnings at around 1100 GMT.

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