Wolfgang Toelsner appointed Chief Operating Officer
President and Chief Executive Officer of Bombardier Inc., Mr. Paul Tellier, today announced the following reorganization of Bombardier Transportation, effective immediately:
- 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.
"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.
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.
Vice President, Public Relations and Communication