Supervisory Board of Vossloh AG Appoints New CEO with Effect from April 1, 2017

The Supervisory Board appointed Mr. Andreas Busemann, 50, as CEO of Vossloh AG with effect from April 1, 2017, for a term of three years as the successor to Hans M. Schabert. Andreas Busemann has been Member of the Executive Board for Sales and Marketing at DB Cargo since January 1, 2016. Prior to this, he served as a Member of the Executive Board for Production of DB Fernverkehr AG and Chief Technical Officer as well as CTO/CIO Infrastructure (IT) of DB Netz AG. After graduating with a degree in Aviation and Aerospace Engineering from Braunschweig, Andreas Busemann started his career at Siemens AG. There, he held several positions, most recently CEO of the Rail Automation division, to which he belonged for more than 10 years.

The contracts of the two other Executive Board members of Vossloh AG, Oliver Schuster and Volker Schenk, have been extended by a further three years as planned i.e. until spring 2020.

“Vossloh has been strengthened with the comprehensive transformation and is on a good path after the necessary cuts. This process was driven by Dr. Schabert very successfully and in a very short time. With the appointment of Andreas Busemann, we have appointed a proven expert in the rail industry and have thereby ensured the continuous development of Vossloh”, says Heinz Hermann Thiele, Head of the Supervisory Board of Vossloh AG.