Linde Material Handling changes Management Board (news with additional features)
(firmenpresse) - (DGAP-Media / 17.10.2013 / 16:56)
- Harald Will is promoted to the Management Board and takes charge of new
Research and Development department
- Andreas Krinninger becomes new Chief Financial Officer (CFO)
- Dr. Matthias Schmitz leaves Linde Material Handling at his own request
Wiesbaden/Aschaffenburg, 17 October 2013 - The Supervisory Board of Linde
Material Handling GmbH has appointed Harald Will (52) to the Management
Board of Linde Material Handling for a period of four years with effect
from 1 January 2014. As Chief Technology Officer (CTO), he will be in
charge of the newly created Research and Development department. Also with
effect from 1 January 2014, the Supervisory Board has appointed Andreas
Krinninger (46) to the Management Board. As Chief Financial Officer (CFO)
he will be responsible for the Finance and Accounting department. Andreas
Krinninger succeeds Dr. Matthias Schmitz (50), who is stepping down from
the Management Board of Linde Material Handling GmbH with effect from 31
December 2013 at his own request, after more than six highly successful
years, in order to pursue new challenges elsewhere.
A qualified mechanical engineer, Harald Will is currently Head of Product
Development of KION Group and of Linde Material Handling. He has been
working in development at Linde Material Handling since 1987. In 1992 he
took over a design department, in 1999 he became Main Department Head of
Design and since 2005 he has been in overall charge of industrial truck
development for Linde Material Handling. Harald Will studied mechanical
engineering at Darmstadt Technical University.
Andreas Krinninger, another qualified mechanical engineer, is currently
Chief Restructuring Officer of KION Group. In this position he has been
responsible for group-wide projects promoting revenue growth as well as
product and efficiency improvements. From 2007 to 2011 he was a director at
KKR Capstone. Before that he held senior management positions with Grohe,
the sanitary fittings manufacturer, and with airline caterers LSG Sky
Chefs. From 1995 to 2001 he worked for the management consultants McKinsey.
Andreas Krinninger studied mechanical engineering at RWTH Aachen University
and at the Massachusetts Institute of Technology (MIT) in Cambridge
(Mass.)/USA. After working for Heidelberger Druckmaschinen, he gained a MSc
in Management from the MIT Sloan School of Management.
Theodor Maurer, Chief Executive Officer of Linde Material Handling and
member of the Executive Board of KION GROUP AG, states: 'I am pleased that
in Harald Will and Andreas Krinninger we will have two experienced
executives from within the Group with many years of wide-ranging technical
experience reinforcing the Management Board of Linde Material Handling. I
am looking forward to working with them, and I would also like to thank Dr.
Schmitz for his important contribution to the development of Linde Material
Handling.'
Gordon Riske, Chief Executive Officer of KION GROUP AG and Chairman of the
Supervisory Board of Linde Material Handling, said: 'In their new
functions, Harald Will and Andreas Krinninger will boost our Linde brand
and drive forward its long-term competitiveness even further. We would like
to express our heartfelt gratitude to Dr. Schmitz for his outstanding
contribution to our work. With his enormous dedication and commitment he
has played a significant role in the profitable development and thus the
enhanced value of our Linde brand.'
The company
The KION Group - comprising the six brands 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 market
leader in India. The KION Group employed more than 21,000 people and
generated revenue of EUR4.73 billion in 2012. KION Group is present in more
than 100 countries and has a global market share of around 15 percent.
Linde Material Handling GmbH, a member of the KION Group, ranks among the
world's foremost makers of forklift and warehouse trucks and is the market
leader in Europe. In addition, the company today offers its know-how gained
during decades of developing and manufacturing electric drive systems to
external customers for a wide variety of applications. As an international
company, Linde Material Handling operates production and assembly plants in
all important regions worldwide, and has a global sales and service network
with offices in over 100 countries. In the fiscal year 2012, Linde Material
Handling employed approximately 13,100 people worldwide and generated
annual sales of EUR 3.132 billion.
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
Email michael.hauger(at)kiongroup.com
Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0) 611.770-752
Email frank.brandmaier(at)kiongroup.com
Manfred Höhn
Head of Corporate Communications, Linde Material Handling GmbH
Tel. +49 (0) 6021.991-306
E-Mail manfred.hoehn(at)linde-mh.de
End of Media Release
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=DKHQMYAKRJ
Document title: LMH changes Management Board
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Issuer: KION GROUP AG
Key word(s): Industry
17.10.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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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(at)kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN:KGX888
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP-Media
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