Bombardier Announces New Organization Within its Rail
Transportation Group: Wolfgang Toelsner Appointed Chief
Operating Officer
MONTREAL, QUEBEC--JANUARY 29, 2004 - 07:30 ET
President and Chief Executive Officer of
Bombardier Inc., Mr. Paul Tellier, today announced the following
reorganization of Bombardier Transportation, effective
immediately:
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- The position of President and Chief Operating Officer of Bombardier
Transportation is split into two distinct positions. The
appointment of a new President for Bombardier Transportation is
expected to be made before the end of March. Mr. Tellier will
continue to serve as interim President of Bombardier Transportation
until the appointment is made.
- Mr. Wolfgang Toelsner is appointed Chief Operating Officer. Mr.
Toelsner is recognized as one of the most respected leaders in the
rail industry. He has been responsible for Bombardier's Locomotives
and Freight Division in Europe since 200l, leading a strong and
successful team, which has lived up to its commitments and
delivered solid results. Mr. Toelsner joined Bombardier in 1996.
Under the new structure, eight (8) of the ten (10) operational
divisions will report to the Chief Operating Officer: North
America; Total Transit Systems; Light Rail Vehicles (LRV);
Locomotives and Freight; Propulsion and Control; Rail Control
Solutions; Bogies; and the London Underground Projects.
- The Industrial Division, previously responsible for the
manufacturing network in Europe, is being disbanded. The various
manufacturing facilities will become part of the respective product
divisions, allowing each division to have direct responsibility not
only for marketing, sales and engineering, but also for production.
This means, for example, that the plants producing mainline
products will be integrated into the Mainline Division, the ones
producing light rail vehicles will become part of the LRV Division.
- The Mainline Division will be expanded to include the Metros
Division as well as the Carbodies Division. The products
manufactured by these two units are produced in the same
facilities.
- The Chief Operating Officer, Mr. Wolfgang Toelsner; the expanded
Mainline Division President, Mr. Olof Persson; and the Services
Division President, Mr. Rik Dobbelaere, will report to the
President. All Bombardier Transportation group staff functions will
continue to report to the President.
- Mr. Tellier continues to chair the recently constituted Management
Committee.
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"We firmly believe this new organization will improve project
management, improve accountability as well as customer service,
reduce overhead and duplication, and simplify the organizational
structure," stated Mr. Tellier.
About Bombardier
A world-leading manufacturer of innovative transportation
solutions, from regional aircraft and business jets to rail
transportation equipment, Bombardier Inc. is a global corporation
headquartered in Canada. Its revenues for the fiscal year ended
Jan. 31, 2003, were $21.2 billion Cdn and its shares are traded
on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM
and BBDd.F). News and information are available at
www.bombardier.com.
N.B. Fiscal year 2002-03 revenues have been restated following
the sale of the recreational products business.
Note to Editors:
Organizational charts as of Dec. 1, 2003, and Jan. 29, 2004, as
well as biographies and photos of Wolfgang Toelsner, Olof Persson
and Rik Dobbelaere, are available on Bombardier's Web Site at
www.bombardier.com. |
