Bombardier Transportation Repositions its Business in Germany - Michael Fohrer New Head of Germany

BERLIN, GERMANY--(Marketwired - Dec. 9, 2016) - Bombardier Transportation is undergoing a strategic realignment to strengthen its position as a leading manufacturer of railway technology. In view of the challenging market environment, the company is putting a strong focus on product standardization and site specialization in order to become more efficient and effective.

In the course of this transformation process, today the Supervisory Board of Bombardier Transportation GmbH appointed Michael Fohrer (53) as the new Chairman of the Management Board. Fohrer shall assume this position alongside his role as President of the Locomotives and Light Rail Vehicles units. He succeeds Germar Wacker who is stepping down from his role as Chairman of the Management Board and will remain with the company in an advisory role.

In addition, Konrad Wiebalck (53) has been appointed as a new member of the German Management Board in today's meeting of the Supervisory Board. He shall assume the role of Labour Director as successor to Dr. Susanne Kortendick. She is leaving the company to embark on a new career path after nine years with the company.

Wolfgang Tölsner, Chairman of the Supervisory Board of Bombardier Transportation GmbH, underlined the importance of their abilities in the context of the strategic realignment, "Michael Fohrer and Konrad Wiebalck offer our management team the ideal support to implement the transformation and extend the competitiveness of Bombardier Transportation in the long term. Both have the necessary experience and expertise to set up German business in these times of change in close co-operation with the social partners in the future. At the same time, I would like to thank Germar Wacker and Dr. Susanne Kortendick for their strong commitment and excellent work and wish them all the best in their future endeavours."

The new Management Board of Bombardier Transportation GmbH is composed of Michael Fohrer (Chairman), Olaf Berghoff, Dr Daniel Perlzweig and Konrad Wiebalck.

Michael Fohrer's photo and a short curriculum vitae can be found here on the Bombardier Transportation website.

About Bombardier Transportation

Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,400 people and its products and services operate in over 60 countries.

About Bombardier

Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2015, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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