New executive board of Wascosa

Wascosa appoints Iris Hilb as the new Chief Executive Officer (CEO) from 1st January 2023. Additionally, Wascosa reshuffles its Executive Board to continue to concentrate on uncompromising customer focus and innovation, and on spearheading digital transformation.

The Executive Board of Wascosa now consists of Peter Balzer (CEO until 31 December 2022), Iris Hilb (Nominee CEO until 31 December 2022 and CEO from 1st January 2023), Irmhild Saabel (CSO and CBDO), Markus Vaerst (Head of CDQO), Dominic Felice (COO) and Stephan Kellmann (CFO).
Peter Balzer will become the new Chairman of the Board of Directors of Wascosa Holding upon his retirement as CEO on January 1st 2023.

In detail:
With effect from 1st January 2023, Iris Hilb is appointed as the new Chief Executive Officer (CEO) of Wascosa Group. She will take over from Peter Balzer, the current CEO, who will continue to assist with the smooth implementation of Wascosa’s development strategy as Chairman of the Board of Directors of Wascosa Holding.
Iris Hilb was previously Senior Vice President Customer Service at DB Cargo AG and brings with her considerable experience in sales, strategy, marketing, customer service, IT sales and wagon management, as well as in services purchasing.

For Iris Hilb, joining a company with a strong implementation and innovation culture will be a great step forward in her successful career to date. Her focus will be on taking forward the customer-focussed strategy and growth and on successfully implementing the digital transformation, as well as lead Wascosa’s development following the recent acquisition of Wascosa by Vauban Infrastructure Partners and Swiss Life Asset Management AG.

Irmhild Saabel will continue to lead the Sales and Business Development management divisions, both of which she has been successfully steering since May 2022 and will be responsible for ensuring that our new innovative solutions are successfully launched to the market on time.

Wascosa is facing major new challenges and opportunities brought about by market changes and the international political situation. To be best placed to meet these challenges and opportunities, Wascosa will realign the existing business management divisions from 1st November 2022 in order to accelerate the digitalisation of its businesses. Dominic Felice will become the new Chief Operation Officer (COO) and will take over from Markus Vaerst, who takes charge of the newly created "Automation-Digitalisation-Total Quality Management" (CDQO) business management division.
As CFO, Stephan Kellmann will continue to be responsible for finance and organisation.