Board/Management Information • Oct 17, 2013
Board/Management Information
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Media | 17 October 2013 16:56
Linde Material Handling changes Management Board (news with additional features)
(DGAP-Media / 17.10.2013 / 16:56)
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 [email protected]
Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0) 611.770-752
Email [email protected]
Manfred Höhn
Head of Corporate Communications, Linde Material Handling GmbH
Tel. +49 (0) 6021.991-306
E-Mail [email protected]
End of Media Release
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=DKHQMYAKRJ
Document title: LMH changes Management Board
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, 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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| 235034 17.10.2013 |
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