Board/Management Information • Nov 26, 2013
Board/Management Information
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Media | 26 November 2013 12:47
Olaf Schulz appointed new CFO of STILL GmbH (news with additional features)
(DGAP-Media / 26.11.2013 / 12:47)
Wiesbaden/Hamburg, 26 November 2013 – The Supervisory Board of STILL GmbH has appointed Olaf Schulz (46) to the STILL Management Board for four years with effect from 1 January 2014. As Chief Financial Officer (CFO) he will be responsible for Finance, Controlling and IT. Olaf Schulz succeeds Nikolaus Michelsen (36), who is stepping down from the Management Board of STILL GmbH with effect from 31 December 2013 at his own request, after more than six successful years at various KION Group companies, in order to pursue new challenges outside the Group.
Olaf Schulz was previously Head of Group Controlling at KION Material Handling GmbH, a role he had held successfully since 2007. Between 1995 and 2006, he worked in various managerial functions in finance departments at companies of the mg technologies group, most recently as Head of Group Controlling at mg technologies ag. 2006 and 2007 Olaf Schulz supported GEA Group AG as an advisor in the sales process of its plant engineering business. Olaf Schulz studied economics at the University of Bremen.
‘I am delighted that, by appointing Olaf Schulz, we are hiring yet another financial expert with experience of the KION Group to the post of CFO at STILL,’ said Bert-Jan Knoef, Chief Executive Officer of STILL and member of the Executive Board of KION GROUP AG. ‘I look forward to working with him. I would also like to thank Mr Michelsen for his excellent work, dedication and cooperation. He has contributed significantly to STILL’s positive development.’
‘Olaf Schulz will do everything he can to drive forward the successful strategy laid down by Nikolaus Michelsen of increasing the financial strength and long-term competitiveness of our brand company STILL,’ said Gordon Riske, Chief Executive Officer of KION GROUP AG and Chairman of the Supervisory Board of STILL. ‘We would like to express our heartfelt gratitude to Mr Michelsen for his outstanding contribution both at STILL and in his previous roles in the KION Group. Thanks to his dedication, he has made many significant contributions to the growth of both the Group and STILL.’
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 market leader in India in industrial trucks. The KION Group employed more than 21,000 people and generated revenue of EUR4.560 billion in 2012 after adjustment for the hydraulics business. KION Group is present in more than 100 countries and has a global market share of around 15 per cent
STILL GmbH, a company of KION GROUP AG, provides customized solutions for intralogistics worldwide and enables the intelligent interaction of forklift trucks and warehouse technology, software and services. Around the globe, more than 7,000 qualified employees work in research and development, manufacturing, sales and service to meet the requirements of their customers. The company’s success is due to its highly efficient products, which range from industry-specific complete solutions for companies of all sizes to computer-based logistics programmes for the effective management of warehouses and material flows. STILL generated revenue of EUR1.68 billion in 2012.
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, KION GROUP AG
Tel.: +49 (0) 611.770-655
Email: [email protected]
Frank Brandmaier
Head of Corporate Media Relations, KION GROUP AG
Tel.: +49 (0) 611.770-752
Email: [email protected]
Matthias Klug
Head of Corporate Communications, STILL GmbH
Tel.: +49 (0) 40.7339-1169
Email: [email protected]
End of Media Release
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=BQFBEFTMGH
Document title: Olaf Schulz appointed new CFO of STILL GmbH
Issuer: KION GROUP AG
Key word(s): Enterprise
26.11.2013 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, 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: | [email protected] |
| 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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| 241664 26.11.2013 |
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