Composition of the Voltabox Board of Management to be adapted to dynamic business development

Nov 29, 2018 1:10 PM

DGAP-News: Voltabox AG / Key word(s): Change of Personnel

29.11.2018 / 13:10
The issuer is solely responsible for the content of this announcement.

Composition of the Voltabox Board of Management to be adapted to dynamic business development

- Supervisory Board appoints Jörg Dorbandt as new Chief Operating Officer (COO)

- Andres Klasing (CFO) leaves the Management Board

Delbrück, November 29, 2018 - Voltabox AG [ISIN DE000A2E4LE9] today announced changes in the composition of its Management Board.

Effective December 1, 2018, the Supervisory Board of the Company appointed Mr. Jörg Dorbandt as Chief Operating Officer (COO) of the Management Board. Mr. Dorbandt will be responsible in particular for setting up and managing worldwide production and all operational processes. The finance department, which has been strengthened in several management functions since the company's IPO, will in future be the responsibility of Mr. Dorbandt.

Andres Klasing (CFO) is leaving the company with immediate effect. His departure will take place in agreement with the Supervisory Board of Voltabox AG. Mr Klasing wants to pursue new professional challenges. Being Chief Financial Officer since 2017, he has played a key role in building up the structures of Voltabox as a listed company.

"With Mr. Dorbandt we have been able to find the ideal candidate to successfully manage the next growth phase of Voltabox", says Klaus Dieter Frers, Chairman of the Supervisory Board of Voltabox AG. "Following the successful IPO, we are repositioning the management of Voltabox in order to optimally adapt the company to the challenges of further growth management. In this context, we would like to thank Mr. Klasing expressly for his contribution."

In the opinion of the Supervisory Board, Mr. Dorbandt's extensive international experience and knowledge in the areas of IT, logistics and project management in the construction of new production facilities make him particularly qualified for the position as Chief Operating Officer on the Management Board.

Mr. Dorbandt has 27 years of experience in the automotive supply industry. Most recently, he was Managing Director of Erich Jaeger GmbH + Co KG, a manufacturer of electrical connectors, with responsibility for the Operations and Finance departments. Jörg Dorbandt is 59 years old, married and has two grown-up daughters.

"I would like to thank Andres Klasing for his support in the particularly challenging phase of the IPO," says Jürgen Pampel, CEO of Voltabox AG. "At the same time, I look forward to working with Mr. Dorbandt in the future and am confident that he is a valuable addition to our team and will reliably steer the operational implementation of our dynamic growth strategy."

About Voltabox AG

Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, is a rapidly growing system provider for e-mobility in industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion batteries that are modular and in serial production. The battery systems are primarily used in buses for public transportation, forklifts, automated guided vehicles and mining vehicles. The company also develops and produces high-quality lithium-ion batteries for select mass-market applications, such as high-performance motorcycles and pedelecs.

Voltabox has production sites at its headquarters in Delbrück, Germany, in Austin, Texas, USA, and in Kunshan, China, as well as a development sites in Aachen and Korntal-Münchingen, Germany.

Additional information about Voltabox can be found at


Voltabox AG

Dr. Kai Holtmann
Artegastraße 1
D-33129 Delbrück
Phone: +49 (0) 52 50 - 99 30-964
Fax: +49 (0) 52 50 - 99 30-901

29.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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