Heidenheim. This is to announce that Carsten J. Reinhardt, President and CEO of Voith Turbo and member of the Corporate Management Board of Voith GmbH resigned effective today to pursue other interests.

The Voith Supervisory Board, Shareholders’ Committee and Corporate Board of Management thank Mr. Reinhardt for his efforts and strong commitment to the development of Voith Turbo. We wish him all the best for the future and continued success.

With immediate effect Dr. Uwe Knotzer will become the new Chairman of the Board of Management of Voith Turbo GmbH & Co. KG and member of the Corporate Board of Management of Voith GmbH.

Dr. Knotzer has been on the Board of Management of Voith Paper since 2012, where he is in charge of the Products & Services business line.

Voith sets standards in the markets energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, Voith employs more than 39,000 people, generates € 5.3 billion in sales, operates in about 50 countries around the world and is today one of the largest family-owned companies in Europe.