VTG : Dr. Jost A. Massenberg becomes the new Chairman of the Supervisory Board of VTG Aktiengesellschaft

19.12.2016 / 16:20
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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: [phone]
Fax: [phone]
E-mail: [e-mail]

Investor relations contact:

Christoph Marx
Head of Investor Relations
Telephone: [phone]
Fax: [phone]
E-mail: [e-mail]

More information at www.vtg.com

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