DGAP-News: KION GROUP AG / Key word(s): Change of Personnel
Wolfgang Faden succeeds Johannes Huth on the Supervisory Board of KION
GROUP AG (news with additional features)
03.08.2015 / 14:18
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- Huth leaves the supervisory body after more than eight years
- Feldmann: "With Wolfgang Faden we have gained an experienced manager"
Wiesbaden, 3 August 2015 - Change on the Supervisory Board of KION GROUP
AG: Wolfgang Faden (66) was appointed to the board with effect from 1
August. He succeeds Johannes Huth (55), a partner and member of the
Executive Committee of Kohlberg Kravis Roberts & Co. Partners LLP. Huth
stepped down from his post on 31 July 2015 after KION GROUP AG shares held
in funds advised by KKR had been sold in full.
Faden has a degree in business administration and professional
qualifications in insurance. Until 2011, he served as CEO for Germany and
central Europe for Allianz Global Corporate & Specialty AG in Munich. Prior
to that, he sat on the management board of Cologne-based Gerling Vertrieb
Industrie AG and Gerling Vertrieb Firmen und Privat AG. Faden began his
career in 1972 at the Gerling Group, where he held a variety of positions,
including in management.
"With Wolfgang Faden, the Supervisory Board has gained an exceptionally
experienced manager with a broad range of expertise. I am very much looking
forward to working with him," said John Feldmann, chairman of the
Supervisory Board of KION GROUP AG.
The Executive Board and Supervisory Board of the KION Group both
acknowledged the achievements of Huth, who was Chairman of the Supervisory
Board from 2007 to 2009: "Johannes Huth and his invaluable expertise played
a crucial role in setting the KION Group on its current successful
trajectory of profitable growth," said Feldmann. "We thank him for his many
years of dedicated service, which began in the early days of the KION Group
in 2007, and whose milestones include navigating a successful path through
the crisis years of 2009/2010, entering into partnership with Weichai
Power, floating on the stock market in 2013 and, in 2014, helping the
company record the most successful year in its history."
Website: kiongroup.com/mediasite
Twitter: @kion_group
The Company
The KION Group - comprising the six brands of Linde, STILL, Fenwick, OM
STILL, Baoli and Voltas - is the largest manufacturer of industrial trucks
in western and eastern Europe, the global number two in the industry and
the leading non-domestic supplier in China. The Linde and STILL brands
serve the premium segment worldwide. Fenwick is the largest supplier of
material handling products in France, while OM STILL is a market leader in
Italy. The Baoli brand focuses on the economy segment, and Voltas is a
leading provider of industrial trucks in India. In May 2015 the KION Group
announced plans to acquire Egemin Automation, a Belgian logistics
automation specialist, which will become the Company's seventh brand.
The KION Group is present in more than 100 countries and, in 2014, employed
almost 23,000 people and generated revenue of around EUR4.7 billion. KION
GROUP AG is listed on Deutsche Börse's Frankfurt Stock Exchange, the MDAX
(the German stock index for medium-sized companies) and the STOXX Europe
600 index, which comprises the 600 largest companies in Europe.
Disclaimer
This document and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell or a
solicitation of an offer to buy any securities in the United States or in
any other jurisdiction.
This release contains forward-looking statements that are subject to
various risks and uncertainties. Future results could differ materially
from those described in these forward-looking statements due to certain
factors, e.g. changes in business, economic and competitive conditions,
regulatory reforms, results of technical studies, foreign exchange rate
fluctuations, uncertainties in litigation or investigative proceedings, and
the availability of financing. We do not undertake any responsibility to
update the forward-looking statements in this release.
Further information for the media
Michael Hauger
Head of Corporate Communications
Tel.: +49 (0)611 770 655
michael.hauger@kiongroup.com
Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0)611 770 752
frank.brandmaier@kiongroup.com
Further information for investors
Frank Herzog
Head of Corporate Finance
Tel.: +49 (0)611 770 303
frank.herzog@kiongroup.com
Dr Karoline Jung-Senssfelder
Head of Investor Relations and M&A
Tel.: +49 (0)611 770 450
karoline.jung-senssfelder@kiongroup.com
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=WHFLXBPYNS
Document title: Download press release as PDF
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03.08.2015 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KION GROUP AG
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Germany
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: info@kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN: KGX888
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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383121 03.08.2015
DGAP-News: Wolfgang Faden succeeds Johannes Huth on the Supervisory Board of KION GROUP AG (news with additional features)
| Source: EQS Group AG