19.12.2016
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DGAP-News: VTG Aktiengesellschaft: Dr. Jost A. Massenberg becomes the new Chairman of the Supervisory Board of VTG Aktiengesellschaft
DGAP-News: VTG Aktiengesellschaft / Key word(s): Change of Personnel
VTG Aktiengesellschaft: Dr. Jost A. Massenberg becomes the new Chairman of
the Supervisory Board of VTG Aktiengesellschaft
19.12.2016 / 16:20
The issuer is solely responsible for the content of this announcement.
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Press Release
Dr. Jost A. Massenberg becomes the new Chairman of the Supervisory Board of
VTG Aktiengesellschaft
Hamburg, December 19, 2016. The Supervisory Board of VTG Aktiengesellschaft
(WKN: VTG999), a leading wagon hire and rail logistics company in Europe,
has elected a new Chairman. Dr. Jost A. Massenberg assumes the position of
Dr. Wilhelm Scheider, who will resign his duties after more than ten years
of successful leadership as of December 31, 2016. Since the beginning of
2006, Scheider has been Chairman of the Supervisory Board of VTG
Aktiengesellschaft.
Dr. Jost A. Massenberg, since 2013 CEO of Benteler Distribution
International GmbH, has been a member of the Supervisory Board of VTG
Aktiengesellschaft since 2006.
Dr. Scheider was elected unanimously as Honorary Chairman of the
Supervisory Board and will therefore continue to be associated with the
company.
"I am very pleased that we have a new Chairman of the Supervisory Board,
Dr. Massenberg, who has known the company and our industry for many years.
This gives us the necessary stability and continuity in times of change,
which is of great importance for strategic and long-term decisions in our
business," comments Dr. Heiko Fischer, CEO of VTG Aktiengesellschaft. "At
the same time, I would like to thank Dr. Scheider for the trust-based
oversight and cooperation and his unwavering support of our development
initiatives over the past ten years. Without his experience and advice, the
successful development of VTG would have been very difficult."
About VTG:
VTG Aktiengesellschaft is one of Europe's leading wagon hire and rail
logistics companies, with a fleet consisting of more than 80,000 railcars.
VTG offers a full-range service, providing tank cars, intermodal wagons,
standard freight wagons and sliding wall wagons. In addition to the hiring
of wagons, the Group offers comprehensive multi-modal logistics services,
mainly around rail transport, and global tank container transports.
With the combination of its three interlinked divisions Railcar, Rail
Logistics and Tank Container Logistics, VTG offers its customers a high-
performance platform for international transport of their freight. The
Group has many years of experience and specific expertise, in particular in
the transport of liquid and sensitive goods. Its customers include numerous
well-known companies from almost every industrial sector, for example the
chemical, petroleum, automotive, paper and agricultural industries.
In the financial year 2015, VTG generated revenue of EUR 1,027.5 million
and operating profit (EBITDA) of EUR 336.5 million. Via its subsidiaries
and affiliates the company, which has its head office in Hamburg, is mainly
present in Europe, North America, Russia and Asia. As at 31 December 2015,
VTG had 1,445 employees worldwide in consolidated companies. VTG AG is
listed on the official Prime Standard market of the Frankfurt Stock
Exchange and also on the SDAX (WKN: VTG999).
Press contact:
Gunilla Pendt
Head of Corporate Communications
Telephone: +49 (0) 40 23 54-1341
Fax: +49 (0) 40 23 54-1340
E-mail: [email protected]
Investor relations contact:
Christoph Marx
Head of Investor Relations
Telephone: +49 (0) 40 23 54-1351
Fax: +49 (0) 40 23 54-1350
E-mail: [email protected]
More information at www.vtg.com
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19.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: VTG Aktiengesellschaft
Nagelsweg 34
20097 Hamburg
Germany
Phone: 040 2354 1351
Fax: 040 2354 1350
E-mail: [email protected]
Internet: www.vtg.de
ISIN: DE000VTG9999
WKN: VTG999
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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