Hans M. Schabert Hands Over Chairmanship of the Executive Board of Vossloh to Andreas Busemann

After three years of successful and comprehensive repositioning of the Vossloh Group, Dr.h.c. Hans M. Schabert is handing over Chairmanship of the Executive Board of Vossloh AG to Andreas Busemann, who as a proven rail technology expert was appointed CEO with effect from April 1, 2017. Busemann was most recently employed as Member of the Management Board for Sales and Marketing of DB Cargo AG.

Heinz Hermann Thiele, Chairman of the Supervisory Board of Vossloh AG: “After taking office in spring 2014, Hans Schabert together with his colleagues on the Executive Board and the senior management implemented the restructuring and repositioning of the Vossloh Group in a short time, consistently and with great care. Today Vossloh as a company is focused on its core competence, rail infrastructure, with a distinctive profile and good prospects for the future. On behalf of the entire Supervisory Board, I would like to thank Mr. Schabert for his extraordinary personal commitment and great success at Vossloh in the last three years. We are delighted to have found Andreas Busemann as a successor, who has proven expertise and long-standing experience in the rail industry and will continue to drive forward Vossloh’s profitable growth.”