Jupiter Wagons Limited has announced the appointment of Mark Damian Stevenson as an Additional Director (Non-Executive, Non-Independent), effective December 15, 2025, according to a regulatory filing. He will be liable to retire by rotation, with the appointment subject to shareholder approval.
Stevenson, a seasoned rail industry leader, brings over three decades of experience in European freight railcar leasing, financial management and large-scale operational transformation. A graduate of the University of Oxford and a Chartered Accountant (ICAEW), he began his career at PwC before moving into the rail logistics sector.
He is best known for his executive leadership at VTG AG, Germany’s major freight railcar group, where he played a key role in developing a $3 billion debt platform and guiding the company through its transition after the Morgan Stanley–led takeover. As acting CEO during the final sale process, Stevenson ensured financial stability and helped drive a dramatic rise in equity value — with the share price climbing from $13.50 to $122, reflecting strong investor confidence.
Jupiter Wagons confirmed that Stevenson is not debarred by SEBI or any other authority from holding a directorial position. A postal ballot process will soon be initiated to seek shareholder approval.
