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  •     Last Update 10.8.2011
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Vossloh's Supervisory Board

Vossloh AG’s Supervisory Board has six members. Since, in the wake of the various transactions conducted in 2002, the number of German employees has fallen below the threshold of 2,000 employees, the Supervisory Board composition is no longer governed by the German codetermination legislation of 1976. Supervisory Board membership is now subject to the provisions of the German Stock Corporation Act (“AktG”) and thus also to those of the German Industrial Constitution Act 1952 according to which one-third of its members must be employee representatives and two-thirds stockholder representatives.

The Supervisory Board oversees and advises the Executive Board’s management and conduct of business. Certain material transactions and Executive Board actions (specified in the Executive Board Rules of Procedure) are subject to prior Supervisory Board approval. The Supervisory Board periodically discusses with the Executive Board the business trend, as well as the corporate plan and strategy and their implementation. Moreover, the Supervisory Board approves the annual budget and financial statements of Vossloh AG and the Group with due regard to the reports of the internal and the statutory auditors, apart from being responsible for the appointment and removal of Executive Board members.

In the year under review, too, the two boards dealt in depth with Code compliance matters, especially with the amendments approved by the German Corporate Governance Code Government Commission on May 26, 2010. The recommendations of the Code are carried out by Vossloh without exception. In staffing its boards and other executive functions within the Group Vossloh aims for diversity.

The Supervisory Board Rules of Procedure were revised to reflect the amended Code. Bearing in mind Vossloh AG’s and the Group’s specific situation, the Supervisory Board will respect diversity and aim for personally and professionally qualified candidates, also among women and international nominees. Therefore, the Supervisory Board should have at least one female member and include one member with longstanding sound international expertise.


Supervisory Board Chairman
Dr.-Ing. Wilfried Kaiser


Supervisory Board:
  • Dr.-Ing. Dipl.-Ing. Wilfried Kaiser, Chairman2, 4, Munich, degreed engineer, former executive board member of Asea Brown Boveri AG
    • EvoBus GmbH: supervisory board member
    • ACTech GmbH: advisory board member5
    • schenck.de AG: supervisory board chairman
    • Hugo Kern und Liebers GmbH & Co. KG: director5
    • VAG Holding GmbH: advisory board member5 and chairman5

  • Peter Langenbach2, 4, Wuppertal, lawyer

  • Dr. Jürgen Blume3, 4, Bad Bentheim, sworn public auditor and tax accountant

  • Dr. Christoph Kirsch3, 4, Weinheim, former CFO of Südzucker AG
    • GELITA AG: supervisory board member
    • HELIKOS SE: member of the board

  • Wolfgang Klein1, 2, 3, Werdohl, galvanizer, Chairman of the European and Group Works Councils

  • Michael Ulrich1, Kiel, mechanic

1 Employee representative
2 Staff Committee member
3 Audit Committee member
4 Slate Submittal Committee member
5 Optional board