CEO change at Vossloh AG
Vossloh AG’s Supervisory Board has unanimously resolved at its meeting of today to revoke for good cause the appointment of Dr. Eschenröder as Executive Board member and Executive Board Chairman of Vossloh AG. The resolution takes immediate effect.The reasons for the removal are serious differences of opinion on the Executive Board and between the CEO and the Supervisory Board.
The Supervisory Board also announces that Mr. Werner Andree, Vossloh AG’s Chief Financial Officer since September 1, 2001, has become Executive Board Spokesman with immediate effect.
The Vossloh Group’s strategy as resolved by the Executive and Supervisory Boards will remain unchanged.
Werdohl, August 9, 2007
Contact:
Dr. Phoebe Kebbel
Hering Schuppener Consulting
Phone: (+49-69) 92 18 74 77
Mobil: (+49-173) 286 21 10
Email: pkebbel@heringschuppener.com