DGAP-News: KION GROUP AG / Key word(s): Miscellaneous
Gordon Riske to continue as Chief Executive Officer of the KION Group until
2022 (news with additional features)
14.07.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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- Supervisory Board extends contract by five years
- Supervisory Board chairman Feldmann: "Gordon Riske has set the
right course for KION's continued success."
Wiesbaden, 14 July 2016 - The Supervisory Board of KION GROUP AG has
extended the appointment of Chief Executive Officer Gordon Riske (59) by
five years. Riske will thus remain in charge of the KION Group until 30
June 2022. His current contract, which was last renewed in 2013, runs until
the end of June 2017.
"Gordon Riske has very successfully reshaped the KION Group over the past
few years," said the chairman of the Supervisory Board, John Feldmann.
"Today, the Company offers its customers around the world a portfolio of
industrial trucks that is tailored exactly to their individual needs and to
regional market requirements. KION offers leading technology that is
available worldwide, demonstrates outstanding innovative capabilities and
is positioned as the industry leader in terms of costs. Under Gordon
Riske's leadership, the KION Group is progressing to become the world's
leading provider of integrated automated intralogistics solutions for
Industry 4.0 and Trade 4.0, having made various strategic acquisitions that
are transforming the Company. The Supervisory Board of KION GROUP AG firmly
believes that the Company will continue to grow profitably with Gordon
Riske at the helm and looks forward to continuing their excellent
partnership."
"I would like to thank the Supervisory Board for their continued trust.
With the backing of my fellow Executive Board members and of course our
employees, I look forward to doing my utmost to maintain our path of
profitable growth and thus further increase the long-term value of our
Company for our shareholders," emphasised Gordon Riske. "We want to
consolidate our leading technological position as a one-stop-supplier and
to strengthen the presence of the KION Group in all regions and markets
worldwide. Our focus lies entirely on our innovative strength and on our
ability to meet the needs of our customers even more comprehensively than
at present. Consequently, we are transforming the Company into a leading
provider of solutions for Intralogistics 4.0."
US-born Gordon Riske was appointed to the Executive Board of the KION Group
on 1 October 2007 and became Chief Executive Officer in April 2008. In the
years that followed, he grew the Company from a European into a global
provider of industrial trucks and related services. In 2012, he succeeded
in signing up Weichai Power as a long-term strategic partner and anchor
investor. Following its IPO in June 2013, KION GROUP AG has become well-
established in the MDAX, STOXX Europe 600 and FTSE EuroMid indices. The
acquisitions of Egemin, Retrotech and, just recently, Dematic have enabled
Riske to turn the Company into a global one-stop-supplier for
intralogistics under its Strategy 2020. Before joining the KION Group,
Riske was Chairman of the Board of Management of DEUTZ AG in Cologne,
Germany, a leading global manufacturer of diesel and gas engines. Prior to
this role, he held various management positions in the KUKA Group in both
the USA and Germany, his final position being CEO of KUKA Roboter GmbH in
Augsburg, Germany. Riske studied electrical engineering at the Lawrence
Institute of Technology in Southfield in the US state of Michigan and holds
a MBA degree from the Graduate School of Business Administration in Zurich,
Switzerland.
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 international specialist in logistics automation.
The KION Group is present in more than 100 countries and, in 2015, employed
approximately 23,500 people and generated revenue of around EUR5.1 billion.
KION GROUP AG is listed on Deutsche Börse's Frankfurt Stock Exchange, the
MDAX (the German stock index for medium-sized companies), the STOXX Europe
600 index, which comprises the 600 largest companies in Europe, and the
FTSE EuroMid, which is made up of mid-cap European stocks.
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
Mob: +49 (0)151 1686 5550
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:
Picture: http://newsfeed2.eqs.com/kion/482181.html
Subtitle: KION Group CEO Gordon Riske
Document: http://n.eqs.com/c/fncls.ssp?u=TWWEMWSHOC
Document title: Download press release as PDF
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14.07.2016 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.
Archive at 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; Terminbörse EUREX
End of News DGAP News Service
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482181 14.07.2016
DGAP-News: Gordon Riske to continue as Chief Executive Officer of the KION Group until 2022 (news with additional features)
| Source: EQS Group AG