Press release: Femke Scholten joins VTG Executive Board
Hamburg, October 25, 2011. The Supervisory Board of the Hamburg-based wagon hire and rail logistics company VTG Aktiengesellschaft (WKN: VTG999) has appointed Femke Scholten as the new Executive Director of Logistics and Safety. On January 1, 2012, she will replace the current Executive Board member Jürgen Hüllen, who is to retire after more than 30 years’ service.
“I am very pleased that, in Femke Scholten, our Executive Board is gaining a logistics expert with an international orientation and many years of experience in supply chain management for major corporations in the primary sector. She will represent the logistics divisions, which have grown significantly, in one executive role for the first time. Due to her many years of experience in our product markets, she is in a position to further expand the Rail Logistics and Tank Container Logistics Divisions and take them into the future”, says Dr Heiko Fischer, CEO of VTG, welcoming the appointment. “I wish to take this opportunity also to thank Jürgen Hüllen for his many years of successful commitment to VTG and look forward to continuing to work with him in the future.”
For more than seven years, Jürgen Hüllen held executive responsibility for Technology and Production within both the Wagon Hire and Rail Logistics Divisions. He also succeeded, particularly through work with industry associations, in paving the way and achieving important milestones for the entire industry at policy-making level. He will continue to support VTG in an advisory capacity. The areas of technology overseen by Technology and Production are being incorporated into the remit of the newly established management of Wagon Hire Europe.
Femke Scholten is from the Netherlands. She joins VTG from BHP Billiton, a global Australian-British mining company. She is currently the Global Distribution Manager Energy Coal, leading the planning, execution and safe delivery of coal from the mines to the customers worldwide. Before this, she worked for Shell where she held various leadership roles. These experiences built her knowledge in the VTG markets and client requirements around the transport of petro chemicals, chemicals and bulk materials. Scholten holds Master Degrees in Chemical Engineering and Inorganic Chemistry.
VTG Aktiengesellschaft is one of Europe’s leading wagon hire and rail logistics companies. The company has the largest private wagon fleet in Europe. Globally, the fleet consists of some 51,200 wagons, with a focus on tank cars and state-of-the-art high capacity freight cars and flat cars. In addition to the hiring of wagons, the Group offers global tank container transports and comprehensive multi-modal logistics services, mainly around rail transport.
With the combination of its three interlinked divisions Wagon Hire, 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 2010, VTG generated revenue of EUR 629.4 million and operating profit (EBITDA) of EUR 154.4 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As at 31 December 2010, VTG had 999 employees worldwide in consolidated companies. Since June 2007, VTG AG has been listed on the official Prime Standard market of the Frankfurt Stock Exchange and also on the SDAX (WKN: VTG999).
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