Vossloh Aktiengesellschaft announced that the Supervisory Board as well as CEO Werner Andree and COO Dr.-Ing. Norbert Schiedeck mutually agreed that these Executive Board members will step down as of March 31, 2014. Mr. Andree will continue to serve the company as consultant until December 31, 2014, in order to familiarize the new Executive Board members with their duties and assist in an orderly handover of functions.

As successors, Vossloh AG's Supervisory Board has appointed Dipl.-Ing. (FH) Dr. h.c. Hans M. Schabert as CEO as of April 1, 2014, Dipl.-Betriebswirt(FH) Oliver Schuster as of March 1, 2014, and Dipl.-Ing. Volker Schenk as of May 1, 2014, as further Board members.

The resolutions to this effect were adopted at the September 9, November 25 and 28, 2013, meetings.