Dr. Mani Herold (53) has been appointed Chief Financial Officer (CFO) of VTG Group and a member of the Executive Board of VTG GmbH. He will start his position on April 1, 2025 and complete the Executive Board of VTG GmbH. Until that time, Björn Schwarten will continue to hold the position of CFO on an interim basis.
Herold has almost 30 years of international business experience in both strategic and operational finance management. Herold is joining VTG from Rodenstock Group, a leading global medical technology provider, where he drove as CFO the global transformation of the finance and IT organization. Prior to that, Herold held group CFO positions in private equity-owned companies in various industries, including Pfleiderer Group, a leading manufacturer of high-quality engineered wood products, and Cerdia International, a global producer of cellulose-based chemicals. From 2012 to 2016, he was Chief Financial Officer of an international business unit of E.ON. Prior to his career as CFO, Herold spent almost 15 years in investment banking. For Goldman Sachs and Merrill Lynch in London and Frankfurt he advised international clients in a range of industries on mergers and acquisitions as well as capital market transaction. He started professional career in 1995 with Price Waterhouse working on business process redesign and ERP systems implementation projects across Europe. Herold holds a Master of Business Administration as well as a Ph.D. from the University of Munich.
“Few other European asset and logistics companies have the potential of VTG. I am very pleased to become part of the VTG Group and to support the company's transformation and growth course with a financing strategy geared towards long-term stability in these challenging times,” says Herold.
“As the market leader in private wagon leasing, we strive to continuously improve for our customers and to promote rail freight transport in Europe in a future-oriented manner. A strong financial foundation and the constant pursuit of operational excellence are the basis for this,” says Alberto Nobis, CEO of VTG GmbH. “I am convinced that Mani Herold, with his extensive expertise in finance and his great leadership skills, is an excellent addition to the VTG Executive Board and will play a key role in leading VTG successfully into the future.”
