DGAP-News: KION GROUP AG / Key word(s): Miscellaneous
New structure for the KION Group: even stronger focus on customers, regions
and brand synergies (news with additional features)
26.11.2015 / 13:05
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- Group functions plus four regional operating units in future
- KION CEO Gordon Riske: "We are stepping up collaboration across all
brands and regions and making it more efficient"
- Andreas Krinninger to become President Linde Material Handling EMEA;
future President of STILL EMEA to be announced shortly
- New organisation to start taking shape in 2016 as part of the Strategy
2020
Wiesbaden, 26 November 2015 - The KION Group is sharpening its focus on the
specific customer and market requirements of the key regions of the world
and on cross-brand synergies with a comprehensive reorganisation of the
group structure. In future, the Wiesbaden, Germany-based Group will be
organised into group functions, such as Research and Development,
Procurement, Quality Management, Finance, HR and IT, plus four operating
units: Linde Material Handling EMEA and STILL EMEA, which will each
concentrate on Europe, the Middle East and Africa, plus KION APAC and KION
Americas, which will hold cross-brand responsibility for the Asia-Pacific
region and the Americas respectively. The KION Group, one of the world's
two leading suppliers of forklift trucks, warehouse technology and related
services, will start to put the new structures in place at the beginning of
2016 as part of its Strategy 2020.
In the new organisation, the operating units will oversee marketing, sales
and service as well as production in their regions and will have individual
P&L responsibility. They will be supported by the group administrative
functions and the KION Research and Development, Procurement, Quality and
Production Processes technical functions, which have been centrally managed
under Chief Technology Officer (CTO) Eike Böhm since August 2015. On the
KION Group Executive Board, the Chief Executive Officer (CEO) Gordon Riske
will have responsibility for the Linde Material Handling EMEA, STILL EMEA
and KION Americas units, while Chief Asia-Pacific Officer (C-APAC-O) Ching
Pong Quek will be responsible for the KION APAC unit. Chief Financial
Officer (CFO) and Labour Relations Director Thomas Toepfer will continue to
be in charge of Accounting, Control and Finance, Legal, IT and HR.
"The new organisational structure will enable us to focus even better on
the specific requirements of our customers around the world and to harness
cross-brand potential," said KION CEO Gordon Riske. "We will continue to
step up our collaboration across all brands and regions and make this
collaboration more efficient, which will benefit our customers, our
partners and, of course, our employees. We are confident that by taking
these steps we will be in a better position to achieve the objectives of
our Strategy 2020 and will secure our long-term success."
The new Group Executive Committee (GEC), which advises the KION Executive
Board and integrates input from the operating units, will have a central
role. The committee is appointed by the KION Group Executive Board and
consists of the KION Executive Board and the Presidents of the operating
units.
Andreas Krinninger, who is currently CFO of Linde Material Handling, will
be President of the Linde Material Handling EMEA operating unit from 1
January 2016. The corresponding role of President of the STILL EMEA
operating unit will be filled by an external appointment who will be
joining the KION Group during 2016. Furthermore, Mr. Krinninger and the
future President of STILL EMEA are taking over as managing directors of the
brand companies from KION CEO Gordon Riske, who has been in charge of them
since January on an interim basis.
Website: kiongroup.com/mediasite
Twitter: @kion_group
The Company
The KION Group - comprising the seven brands of Linde, STILL, Fenwick, OM
STILL, Baoli, Voltas and Egemin Automation - 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. Egemin
Automation is a leading Belgian logistics automation specialist.
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
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=ERSTSGPRFA
Document title: Download press release as PDF
---------------------------------------------------------------------------
26.11.2015 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
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
417275 26.11.2015
DGAP-News: New structure for the KION Group: even stronger focus on customers, regions and brand synergies (news with additional features)
| Source: EQS Group AG