DGAP-Adhoc: Krones AG: Executive Board changes at Krones AG

Krones AG  / Key word(s): Change of Personnel

18.03.2015 14:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Ad-hoc disclosure pursuant to § 15 of the German Securities Trading Act
[WpHG]
18 March 2015

Executive Board changes at Krones AG

Volker Kronseder, Chairman of the Executive Board of Krones AG, has decided
not to renew his contract, which expires on 31 December 2015. This is in
keeping with the company's internal rules. Mr. Kronseder has informed the
Supervisory Board of Krones AG of his decision.

Volker Kronseder wishes to continue to contribute to the company's
successful development and assume responsibility for Krones AG. Therefore,
he has also informed the Supervisory Board that he is available to stand
for election to the Supervisory Board of Krones AG in the ordinary annual
shareholders' meeting in 2016.

The Supervisory Board has appointed Christoph Klenk his successor as
Chairman of the Executive Board of Krones AG effective 1 January 2016.
Christoph Klenk has been a Member of the Executive Board since 2003 and
responsible for Finance (CFO) at Krones AG since 2012. The Supervisory
Board has appointed an external candidate to succeed Christoph Klenk as CFO
who has demonstrated his suitability through his work for another
international group of companies and has many years' experience in the
packaging industry. The new CFO informed the Supervisory Board today that
he accepts the position. The new executive's name and starting date at
Krones will be disclosed as soon as he and his current employer have
reached agreement on the date of his resignation.

Contact:
Olaf Scholz
Senior Vice President of Investor Relations Krones AG
Phone: +49 9401 70-1169 
E-mail olaf.scholz@krones.com


18.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Krones AG
              Böhmerwaldstraße 5
              93073 Neutraubling
              Germany
Phone:        +49 (0)9401 701169
Fax:          +49 (0)9401 709 1 1169
E-mail:       investor-relations@krones.com
Internet:     www.krones.com
ISIN:         DE0006335003
WKN:          633500
Indices:      MDAX
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich;
              Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------