Vossloh AG’s Supervisory Board has six members. Chairman of the Supervisory Board is Prof. Dr. Rüdiger Grube. 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.
The Supervisory Board has set up the following by-laws for its tasks: Supervisory Board By-laws (only in German)
Furthermore, at its meeting on November 24, 2022, the Supervisory Board resolved the following requirements and objectives for its composition: Composition of the Supervisory Board
Vossloh AG’s Supervisory Board:
Prof. Dr. Rüdiger Grube2,4, Chairman, Hamburg, Managing Shareholder of Rüdiger Grube International Business Leadership GmbH and former Chairman of the Executive Board of Deutsche Bahn AG
Ulrich M. Harnacke2,3,4, Vice Chairman, Mönchengladbach, Independent Accountant, Tax Advisor and Business Consultant
Dr. Roland Bosch3,4, Königstein/Taunus, Managing Director of WOLFF & MÜLLER Holding GmbH & Co. KG
Dr. Bettina Volkens2,4, Königstein/Taunus, self-employed Consultant and Member of various Supervisory Boards
Marcel Knüpfer1,3, Zwenkau, Technical Administration Specialist and shift supervisor, Chairman of the General Works Council of Vossloh Rail Services Deutschland GmbH and Member of the Group Works Council
Martin Klaes 1, Werdohl, Industrial Fitter, Chairman of the Works Council of Vossloh Fastening Systems GmbH and Vossloh AG
1) Employee representative
2) Member of the Personnel Committee
3) Member of the Audit Committee
4) Member of the Nomination Committee